11 January 2011

Smart Glonass Phones

Bloomberg

Devices with chips developed by Sistema and state-run Rusnano will go on sale for 10,990 rubles ($360) next March, Yevtushenkov said in a televised briefing with Prime Minister Vladimir Putin in late December.

“We should start selling it by March 8 as a present for women so they can always identify on the map where their husbands are,” Putin said.

Glonass is a Soviet-era project that stalled after funding collapsed along with communism in 1991. The government this year earmarked 27.9 billion rubles ($906 million) for the project, which faced a setback last month when a Proton-M rocket that aimed to deliver three Glonass navigation satellites into orbit fell into the Pacific Ocean.