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Weekly Lists
April 21, 2017 www.intellinews.com I Page 24
bne:TMT
Internet traffic soars on Russian mobile networks while revenue growth slows
Mobile Internet traffic in Russia year-to-year grew by half (48%) in 2016 to some 3.8bn GB, according to the ministry of communica- tions. This traffic is about seven times less than on fixed networks, however, mobile data traffic is growing much faster. In 2016, traffic on fixed line connections increased by a more modest 15% y/y.
Over the last two years the cost of mobile/Internet packets for us- ers in Moscow fell by half. Voice-only packages, on the other hand, became more expensive.
Revenues from mobile Internet are growing more slowly than the traffic: in 2016 in Russia, they increased by 12%, according to the CEO of TMT-Consulting, Konstantin Ankilov, reports Vedomosti. But due to the decline in revenues from voice services and increased competition between the leading operators the total revenue from mobile communications is decreasing.
The Hungarian subsidiary of Indiaʼs Tata Consultancy Services has expanded its global service centre in Budapest, creating around 500 new jobs.
The service sector is the second busiest in terms of investment in Hungary after the automotive sector, employing 42,000. There is huge competition to lure high-tech companies among Central and Western European countries, Foreign Affairs and Trade Minister Peter Szijjarto said. The Budapest base of India’s largest IT firm boasts 1,800 economists, developers and IT staff, he added.
Tata opened its first service centre outside India in the Hungarian capital 15 years ago.
A Kyiv court has backed a petition of Ukrainian Prosecutor Gen- eral’s Office (PGO) to arrest shares of the country’s largest fixed line operator and internet provider Ukrtelecom and its subsidiary 3G/ UMTS mobile operator TriMob, both controlled by the SCM Group of oligarch Rinat Akhmetov.
Prosecutor General Yuriy Lutsenko said his office was investigat- ing “the privatisation of 93% of shares in Ukrtelecom at a price setting lower by UAH1.6bn (€56.1mn)” of its actual value in 2011, as well as “the unlawful provision of UAH220mn (€7.7mn) from the Ukrainian national budget at the instruction of [ex-President Viktor] Yanukovych”.
India’s Tata expands Hungarian IT service centre
Kyiv court arrests shares of telecom operators owned by oligarch Akhmetov