Support The Moscow Times!

Glonass to be Consolidated

Sistema said Tuesday that it plans to consolidate control of the Glonass satellite navigation project as it seeks to compete with the U.S. Global Positioning System.

“The development of the Glonass project and the commercialization of its services are among the top state priorities,” the company said. “Sistema’s board of directors has decided to consolidate the project under one corporation, which will take its operating business to a whole new level.”

Sistema plans to acquire 51 percent of Navigation Information Systems, operator of Glonass, for as much as 484 million rubles ($16 million) from its units Sitronics and RTI Systems, the company said.

Russia plans to require cell phone producers to provide handsets compliant with Glonass, Sistema’s owner Yevgeny Yevtushenkov said in July.

(Bloomberg)


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.