Page 22 - bne_Tech_12_2019

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December 2019 www.intellinews.com I Page 22
Russia's HeadHunter job portal ups revenues 30% in 3Q19
Russian job search portal HeadHunter reported 30% year-on-year revenue growth in 3Q19 alone and 9M19 overall under IFRS. The company's Ebitda was up 35% in 3Q19 (53.5% margin) and 50% in 9M19 (51% margin), and net profit jumped 70% in 3Q19.
As reported by bne IntelliNews, in May HeadHunter carried out a successful IPO on NASDAQ that
was ten-times oversubscribed. However, shortly after the IPO some analysts saw the shares as overhyped.
In the reporting quarter the revenues and earnings of the company beat the consensus
by 2% and 6%, respectively. The top line was supported in by increase in number of SME clients (by 40% y/y in 3Q19) and average revenue per key customer in Moscow and St Petersburg (by 20%).
US embassy in Tirana warns of cyber risks when Albania launches 5G
The US embassy in Tirana warned Albania again to be careful about cyber security when launching 5G technology next year.
The concerns erupted in early November when
a new 5G technology was presented for the first time in Albania by Vodafone. They are believed
to be in reference to the Chinese telecoms giant Huawei, which sells 5G equipment and has been involved in controversy in various other countries.
US charge d’affaires Leyla Moses-Ones said in
a Facebook post on the US embassy page that it is vital to consider whether 5G suppliers are subject to control by a foreign government without independent judicial review and what is the track record of vendors regarding respect for the rule of law.
Robert Strayer, head of IT security at the US State Department, said earlier that Huawei hopes
to produce and sell its 5G network equipment
worldwide, but there are clear reasons why countries and consumers must act with caution.
Russia's Beru online marketplace launches own delivery
Russian online marketplace Beru, owned by
a joint venture betwee Yandex and Sberbank, launched its own delivery system that can track deliveries in real time, Vedomosti daily reported.
As reported by bne IntelliNews, the competition in the food, grocery, and parcel delivery market is gearing up, with deals involving major players such as Sberbank, Yandex, and Mail.ru, and smaller start-ups as Instamart, Dostavitsa delivery services, among others.
Previously Beru already announced cooperation with Russia's leading retailer X5 Retail Group to develop drop-off/pick-up points in shops in the Pyaterochka format.
Now Beru switched from outsourcing deliveries from SberLogistika, Boxberry and Strizh services to running its own delivery in seven districts of Moscow. Meanwhile the cooperation with third parties will continue in other regions.
Azerbaijan's Bakcell to buy Ukraine operations of Russia's MTS for $700mn
Russia's telecom operator Mobile TeleSystems (MTS) will sell its Vodafone Ukraine to Azerbaijan's Bakcell telecom company for $734mn.
Russia's telecom operator Mobile TeleSystems (MTS) has signed an agreement with Telco Solutions and Investments, which is owned by Azerbaijan's Bakcell telecom company, on the sale of MTS operations
in Ukraine - Vodafone Ukraine - for $734mn, including deferred payments of about $84mn.
Bakcell telecom company is incorporated in NEQSOL Holding. "With the acquisition of Vodafone