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
Vertical was founded in 2013. Its key objective is to provide premium quality telecom infrastructure accessible on the right on time basis across Russia. Vertical delivers complex and innovative construction design solutions for Telecom net-works rollout. Among the clients of the company are leading Russian mobile operators.
Electro-ComFirst 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
InfiNet WirelessRussian developer and producer of broadband wireless access systems for IT infrastructure development
FGI WirelessPioneer in cellular communications in Russia. First Russian company to conduct an international IPO in 1996 (as Vimpelcom)
EnfortaLeader in the Russian market of wireless broadband Internet access
CTC MediaOne of Russia’s largest television stations. Fully exited in 2008
Global TelesystemsTelecommunications company, the assets of which were used as a basis for Golden Telecom. Exited in 1999
Golden TelecomLeading digital telephone communication operator and Internet access provider in Russia and Ukraine (now a part of Vimpelcom). Fully exited in 2007
Center of Financial TechnologiesLeader in software solutions and processing services for financial and credit organizations in Russia and the CIS