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Weekly Lists
October 20, 2017 www.intellinews.com I Page 24
bne:TMT
ON Semiconductor
expands development centre in Bratislava
Nasdaq-listed ON Semiconductor has opened a new, expanded product development centre in the Slovak capital Bratislava.
The centre will work closely with Slovakia’s flagship automotive in- dustry and, ON said in a statement, will put the company in a better position to serve the demands of the global automobile market.
ON has been present in Slovakia for 17 years. Its small research cen- tre at the Slovak University of Technology has expanded into a sub- stantial operation employing 45 people, most of whom are engineers.
“Through locating a development centre there it has been possible to capitalise on the strong engineering expertise that is found
in this region and also its longstanding culture of automotive ingenuity,” commented Keith Jackson, CEO of ON Semiconductor, in a statement.
Russia’s share of the global e-commerce market could reach 10% by 2025, while e-commerce in Russia’s total trade turnover could amount to 20%, according to the e-commerce development strategy by the Ministry of Industry and Trade cited by Prime on October 18.
Major local players such as Yandex and Sberbank have announced large-scale investment projects in the sector, which is largely dominated by cross-border trade with Chinese online sellers.
Now the ministry expects at least 70% of its domestic retailers
to use online sales channels by 2025 and at least 80% of citizens above 12 years old to make purchases online. Currently the share of e-commerce in total retail turnover is estimated at 3%-4%.
US private equity company Providence Equity Partners has completed a takeover of the Swedish media company Modern Times Group's (MTG) operations in the Baltic states, local media reported on October 18.
The US investor paid a reported €115mn for MTG’s business in the region that will now change its name to All Media Baltics.
MTG unloaded the business as part of a strategy to move from broadcasting to digital entertainment. The key assets in the portfolio are 11 TV channels – five in Latvia, three in Estonia, and three in Lithuania. The deal was announced in March but was only given a regulatory nod this week.
Russia heads for 10% share of global e-commerce market
US private equity
firm takes over Baltic operations of Swedish media group MTG


































































































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