Gazprom invests in Internet access

Gazprombank, a subsidiary of Gazprom, bought one of the leading Moscow broadband Internet access operators. Net By Net Holding, which provides services under the trademark Netbynet, announced the sale of a significant stake in its website. As a result of the cooperation between Net By Net Holding and AB Gazprombank, an investment of $ 25 million will be attracted to the project.

“Our company is at the initial stage of its development and plans to become one of the leading multiservice operators in the Moscow market,” said Vadim Kurin, CEO of Net By Net Holding. - The technological platform of our development is FTTH technology (fiber-to-the-home), based on the construction of fiber optic networks, and allowing us to provide numerous modern multimedia services (IP telephony, digital television, video over request, video surveillance, etc.) »

Net Buy Net Holding was established in spring 2006 as a result of the acquisition by Moscow-based broadband access operators Consul, Meridian, and Quadra by the investment fund Fairlie Holding & Finance Limited.
At the end of October, the company's subscriber base exceeded 35 thousand corporate and private users.