VimpelCom Ltd, a wireless operator controlled by Russian billionaire Mikhail Fridman, reported a fourth-quarter loss after writing down its Ukraine assets by $2.1 billion because of the country’s political turmoil.
Russian mobile carrier OAO MegaFon, trying to fend off competition, started offering Muscovites what it calls the world’s fastest wireless connection. The catch: customers have to buy a $340 router to get the record speeds.
As tourists and athletes start to arrive at the Winter Olympics in Russia, they may be surprised by the 46 degree temperature and palm trees situated around the streets. While Sochi's subtropical climate can support palms year-round, not all of the trees are real.