An organized cybercrime ring is amassing profits by targeting smartphone users in Russia with promises of free downloads that turn out to be malicious software. Some Russians have seen their phone bills spike after downloading what they thought were free applications, songs or porn advertised to them in Twitter messages, according to Lookout Security, which plans to release a report about the scheme today.
Italy’s tax authority is seeking about 57 million euros ($75 million) from Wind Telecom SpA, which controls the country’s third-largest mobile operator, claiming the company avoided paying taxes in 2009 transactions, according to documents obtained by Bloomberg News.
Russian billionaire Mikhail Fridman is poised to win a majority of board seats at VimpelCom Ltd. after his stake in the mobile-phone company overtook that of investor Telenor ASA, analysts at Renaissance Capital said.
OAO Mobile TeleSystems, Russia’s biggest mobile provider, is abandoning plans to challenge state- run VTB Group’s takeover of Tele2 AB’s local unit and will seek talks with the lender about consolidation in the industry, Chief Financial Officer Alexey Kornya said.
Russian authorities are trying to settle a dispute with Telenor ASA by October involving the company’s purchase of a stake in VimpelCom Ltd., Vedomosti newspaper reported, citing Igor Artemyev, head of the Federal Anti-Monopoly Service.
Billionaire Mikhail Fridman offered to buy out investors in Orascom Telecom Holding SAE, a unit of the world’s sixth-largest mobile operator, after his Alfa Group sold out of a Russian oil producer for $14 billion.
Vodafone Group Plc will name Gerard Kleisterlee , chief executive officer of Royal Philips Electronics NV , as the mobile-phone company’s next chairman within the next four days, the Sunday Telegraph reported, citing unidentified people close to the company.
Algeria agreed to pay $6.5 billion to buy the controlling stake in Djezzy, VimpelCom Ltd.’s Algerian mobile phone unit, Reuters reported today, citing an unidentified finance ministry official in the North African Nation.