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Megafon, Russia's No. 2 mobile phone operator, is suing Hewlett Packard Enterprise in a California court over major outages on its cellular network, court documents showed. The suit, filed in the U.S. District Court, Northern District of California San Jose Division on Oct. 23, alleges that HPE's Russia division signed a deal worth more than $28 million in 2013 to upgrade Megafon's wireless network.
Usmanov’s holding company USM and the Kremlin-friendly businessman’s wireless carrier MegaFon PJSC authorized Mail.ru management led by Chief Executive Officer Boris Dobrodeev to exercise voting rights on a 59 percent voting stake in the Russian internet company, according to an emailed statement Monday. U.S. sanctions imposed during the Obama era over the conflict in Ukraine have widened in scope and severity since President Donald Trump took office last year. A rush to move assets beyond the reach of the U.S. Treasury has accelerated, spurred by the threat of tougher measures over Russia’s alleged election meddling and nerve-agent attack on a turncoat spy in England.
As U.S. hits Russia and China with more sanctions and tariffs, the relations between Moscow and Shanghai have never been better. Russia's President Vladimir Putin met with Chinese President Xi Jinping this week in Vladivostok and agreed on closer cooperation on trade, energy, agriculture, tech innovation and finance, according to China National Radio citing Chinese president. One of the biggest deals announced at the conference is a landmark joint venture that may pave the way for a 'Russian Amazon', a massive conglomerate with Alibaba as the biggest shareholder.
Alibaba is doubling down on Russia after the Chinese e-commerce giant launched a joint venture with one of the country's leading internet companies. Russia is said to have over 70 million internet users, around half of its population, with countless more attracted from Russian-speaking neighboring countries. Now Alibaba is moving in to ensure it is well placed to take advantage.