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.
- Moscow, Russia
- Year of initial investments:
- Minority stake
Profi.ru holds a number of leading Russian online marketplaces for freelancers and small businesses in healthcare, beauty, sports, driving and tutoring, which are now consolidated at the Profi.ru brand, offering services to internet and mobile users in all major cities in Russia, Ukraine and Kazakhstan.
VerticalPremium quality telecom infrastructure provider
AVITO.RUOnline classifieds service
Golden TelecomLeading digital telephone communication operator and Internet access provider in Russia and Ukraine (now a part of Vimpelcom). Fully exited in 2007
Global TelesystemsTelecommunications company, the assets of which were used as a basis for Golden Telecom. Exited in 1999
InfiNet WirelessRussian developer and producer of broadband wireless access systems for IT infrastructure development
CTC MediaOne of Russia’s largest television stations. Fully exited in 2008
IVI.RUOnline video service