Russia

Veon revealed in a Q1 trading update that it had the required licences and approvals in place from authorities in the US, UK and Bermuda for the sale of its Russian operation, as it continues to target completion of…

Veon agreed to sell its Russian business to members of the local management team for RUB130 billion ($2.

Tele2 Russia launched legal proceedings in Moscow against Ericsson and local supplier Satel TVK, claiming equipment ordered prior to sanctions being placed on its market had not arrived, Reuters reported.

Ericsson and Nokia plan to close their respective business operations in Russia in 2022 following earlier measures to suspend activities there following the country’s invasion of Ukraine.

Apple faced further regulatory action over claims it abuses its market position in the apps market, with Russia’s Federal Anti-Monopoly Service (FAS) reportedly plotting to fine the company.

Internet group VK reportedly launched a beta version of a home-grown app store, as Russia continues efforts to boost domestic digital services and rival western alternatives.

Nokia revealed it would exit the Russian market having already suspended deliveries and started moving R&D out of the country, though as it leaves it aims to continue supporting maintenance of existing kit on humanitarian grounds.