The Funds’ first investment in telecommunications was made in 1994 in FGI Wireless (which eventually became today’s Vimpelcom, one of Russia’s largest mobile telephony operators). The company was a pioneer in cellular network development in Russia. Since 1994, Baring Vostok funds have invested over $850 million in 30 companies in the internet, software, media, and telecommunications sector.
FGI Wireless

FGI Wireless

Pioneer in cellular communications in Russia. First Russian company to conduct an international IPO in 1996 (as Vimpelcom)

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