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.

Vertical

verticali.ru

Location:: Moscow, Russia
Year of initial investments:: 2017
Shareholding:: 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.

Other projects

Проект завершен

Global Telesystems
Telecommunications company, the assets of which were used as a basis for Golden Telecom. Exited in 1999
Проект завершен

YANDEX
Russia’s largest Internet company and leading search engine. Fully exited in 2016.
www.yandex.ru
Проект завершен

CTC Media
One of Russia’s largest television stations. Fully exited in 2008
www.ctcmedia.ru
Sorsdata

www.sorsdata.ru
Center of Financial Technologies
Leader in software solutions and processing services for financial and credit organizations in Russia and the CIS
www.cft.ru
Profi.ru

https://profi.ru/
Revo Technologies

www.revoplus.ru
1C
Leader in accounting software solutions
www.1C.ru
InfiNet Wireless
Russian developer and producer of broadband wireless access systems for IT infrastructure development
www.infinet.ru
Проект завершен

Golden Telecom
Leading digital telephone communication operator and Internet access provider in Russia and Ukraine (now a part of Vimpelcom). Fully exited in 2007
www.goldentele.com