Word: webbing
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...fall. CCTV has wired some 130,000 dwellings in the city and plans to connect 70,000 more in the upscale Central Administrative District by next March. A 47-channel package, which includes Russian-language versions of Animal Planet and Fox Kids, costs $12 a month. (Unlimited high-speed Web service adds $61.) "This is a unique opportunity for us. Muscovites want exposure to Western content," Baker says. His partner in this project? CCTV chairman Yuri Pripachkin, a former captain in the Soviet army. --By Sean Gregory
...Manassas, Zplug recently added Internet phone service to its offerings (charging $30 for unlimited local and long-distance calls), but officials have enough to be worried about these days just getting customers hooked up with Web access. Fewer than 200 accounts have been activated, while 1,350 locals remain on a waiting list, in part because of start-up problems with Prospect Street Broadband, a venture firm selected to handle Zplug's day-to-day operations, and in part because utility workers are still installing the network. City officials expect to name a new investor sometime...
Still, even Fernandes doesn't expect budget airlines to create the same upheaval for big carriers in Asia that they have in the U.S. and Europe. A tighter web of regulation provides established airlines more protection by preventing low-cost carriers from hopping from city to city around Asia the way Ryanair does in Europe. With only 2% of airline capacity in the region, the budget carriers have a long way to go to challenge the big boys. Most of all, major Asian airlines have much lower costs than their U.S. and European counterparts, allowing them to compete more easily...
...century, when the Czar of Russia still ruled Finland. But don't be fooled. Behind the historic decor, Merita has become one of the world's most advanced banks, using the Internet and mobile phones to conduct most of its business. Some 1.2 million of its customers use the Web to bank, a world record, while only 6% of the institution's transactions are processed through a traditional branch. What's more, Merita has taken the lead in allowing customers to bank via mobile phones. Not bad for a bank with just $173 billion in assets, only Europe's 25th...
Perhaps Merita's greatest accomplishment so far has been in getting customers to pay for all its services, which even some U.S. banks are giving away to encourage Web use. "The customer doesn't realize its value if you don't charge," says Harald. Maybe that's one reason banks as far away as Canada send over executives to observe how MeritaNordbanken is using technology...