Baring Vostok exits 2GIS stake.
Baring Vostok has announced that it is selling its stake in 2GIS to Sberbank.
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.
- 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
-
Center of Financial Technologies
Leader in software solutions and processing services for financial and credit organizations in Russia and the CIS -
Revo Technologies
-
1C
Leader in accounting software solutions -
Проект завершенGolden Telecom
Leading digital telephone communication operator and Internet access provider in Russia and Ukraine (now a part of Vimpelcom). Fully exited in 2007 -
AVITO.RU
Online classifieds service -
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 -
Проект завершенGlobal Telesystems
Telecommunications company, the assets of which were used as a basis for Golden Telecom. Exited in 1999 -
Enforta
Leader in the Russian market of wireless broadband Internet access -
ER-Telecom
Leading regional telecommunications operator providing consumer broadband and cable TV services -
Skyeng
Online education platform, which specializes in English teaching