Global Telesystems
Telecommunications company, the assets of which were used as a basis for Golden Telecom. Exited in 1999
Projects
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.
Other projects
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Kolesa/Krisha
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1C
Leader in accounting software solutions -
ER-Telecom
Leading regional telecommunications operator providing consumer broadband and cable TV services -
Проект завершенCTC Media
One of Russia’s largest television stations. Fully exited in 2008 -
Проект завершенElectro-Com
First operator in the Russian market of telecommunication services providing consumers with access to Internet, telephone and digital television through electric networks. Fully exited in 2012 -
Center of Financial Technologies
Leader in software solutions and processing services for financial and credit organizations in Russia and the CIS -
Проект завершенFGI Wireless
Pioneer in cellular communications in Russia. First Russian company to conduct an international IPO in 1996 (as Vimpelcom) -
AVITO.RU
Online classifieds service -
IVI.RU
Online video service -
Profi.ru