Webmedia ranked 2nd on Baltic IT services market

The software developer Webmedia placed second in the latest list of the Baltic countries’ top IT companies compiled by the investment bank Prime Investment, one notch higher than in the previous semi-annual ranking published in spring.
The revenue of Webmedia Group in the first half of 2009 was 112 million kroons (EUR 7.16 mln), exceeding the [...]

Skype founders bought the company from eBay

A consortium of investors including Niklas Zennström and Janus Friis who founded Skype have bought back the company from eBay.
eBay sold 70% of Skype for 1.9 billion US dollars. In 2005 eBay itself paid Skype founders 2.6 billion dollars for the company.
Although eBay itself said that it did not achiveve the planned synergy for Skype, [...]

Estonian, Spanish ministers speak about EU IT Agency

Estonian Interior Minister Marko Pomerants, in a meeting with his Spanish colleague Alfredo Perez Rubalcaba, spoke about the priorities for the Spanish presidency of the European Union and the future of the IT agency for justice and interior affairs.
The two ministers met in Luxembourg on the sidelines of a session of the EU justice and [...]

Over 100 000 people participate in e-voting

During the advance voting period for this year’s local elections that ended on Wednesday night, 236 386 votes were cast in polling stations and over the Internet, which accounts for 21.6% of the Estonian electorate.
The National Electoral Committee said 104 415 people voted electronically during the week this was possible, and in addition 131 971 [...]

Two thirds of households have access to the Internet

According to Statistics Estonia, in the 1st quarter of 2009 63% of Estonian households had access to the Internet at home, compared to the same period of the previous year this indicator has increased five percentage points. Almost all enterprises with 10 and more persons employed had access to the Internet as in the previous [...]

Skype valued at 2.75 bUSD according to transaction

According to an agreement with Ebay, risk capital funds will acquire about 65% of the internet-based telephone company Skype and on the basis of the transaction the value of Skype totals 2.75 billion US dollars.
The buyer of the majority shares in Skype is a group of risk capital funds headed by Silver Lake Partners and [...]

Mobile payments for free-time fishing

Free-time fishers have had the possibility to pay for the right to fish for recreation with mobile payments for a year already, which had significantly simplified the process of receiving the right for recreational fishing. “Earlier it was possible to pay for the recreational fishing right on the internet or in a bank, whereas from [...]

Skype’s profit grows 23 pct

Skype Technologies OÜ, the Estonian development arm of the free VoIP telephony provider Skype, earned a profit of 28 million kroons (EUR 1.8 mln) in 2008, 22.8% more than in the year before.
Revenues during the year totalled 319.3 million kroons, up 16.5% year on year, it appears from the annual report.
The Skype operation in Estonia [...]

Broadband Development Foundation to focus on rural areas

The Estonian Broadband Development Foundation, set up by information and telecommunications sector companies on Tuesday, is going to build a fiberoptic network in the country’s rural regions that will reach all developed areas by 2015.
The board chairman of the foundation, Olev Harju, said during a press event at the Ministry of Economic Affairs and Communications [...]

Estonian telecoms to build nationwide broadband network

Estonian telecommunications companies will establish a foundation to build a new generation broadband internet network under the EstWin project, the minister of economy and communications said today.
“The founders include practically all telecommunications and communications companies operating on the Estonian market, including those engaged in digital distribution,” Juhan Parts said at the governmental news conference.
The name [...]