Mikhail Fridman and his partners are buying up the telecommunications business in the EU and the USA
According to the Financial Times, Mikhail Fridman, a member of the supervisory board of the Alfa Group consortium and VimpelCom, a member of the board of the Russian Union of Industrialists and Entrepreneurs, is going to invest in the telecommunications and technological assets of the EU and the USA. The amount of investments will be $ 16 billion.
Friedman and his partners in London set up an investment group LetterOne Technology (L1Technology), whose supervisory board includes Brent Hoberman (co-founder of Lastminute.com), Denis O'Brien (Irish telecommunications entrepreneur), Osama Bedier (former Google top manager) , Russ Show (formerly Skype executive) and Sir Julian Horn-Smith (co-founder of Vodafone).
L1Technology will receive a 48% stake in Vimpelcom, which is owned by Friedman and its Russian partners. In addition, the group will receive 13% of the shares of the Turkish company Turkcell. In monetary terms, these assets amount to $ 14 billion.
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According to Alexei Reznikovich, General Director of L1Technology, the group will be invested in companies from various fields: from traditional telecommunications groups to Internet companies that are streaming data.
“We are not looking for a new Google. The companies we acquire will benefit from our considerable experience, as well as gain access to our customer base, which has more than 200 million users, which our mobile operators already have, ”said Reznikovich.
From his words, it also follows that L1Technology does not have loans and therefore will be able to increase its funds to $ 25 billion. He believes that today the telecommunications sector is too “old-fashioned” and needs reforms. “We must break with the past in order to earn money for investors,” explains Reznikovich.
Meanwhile, a dispute continues between the UK government and Friedman’s company over the L1Energy deal with the German concern RWE over the EUR 5.1 billion acquisition of the oil and gas division of DEA, which was completed in early March. L1Energy has acquired part of the North Sea fields, which account for up to 5% of the gas produced by the UK. If the anti-Russian sanctions are strengthened, gas production in the fields may be stopped, which is absolutely not profitable for London.
Friedman and his partners in London set up an investment group LetterOne Technology (L1Technology), whose supervisory board includes Brent Hoberman (co-founder of Lastminute.com), Denis O'Brien (Irish telecommunications entrepreneur), Osama Bedier (former Google top manager) , Russ Show (formerly Skype executive) and Sir Julian Horn-Smith (co-founder of Vodafone).
L1Technology will receive a 48% stake in Vimpelcom, which is owned by Friedman and its Russian partners. In addition, the group will receive 13% of the shares of the Turkish company Turkcell. In monetary terms, these assets amount to $ 14 billion.
')
According to Alexei Reznikovich, General Director of L1Technology, the group will be invested in companies from various fields: from traditional telecommunications groups to Internet companies that are streaming data.
“We are not looking for a new Google. The companies we acquire will benefit from our considerable experience, as well as gain access to our customer base, which has more than 200 million users, which our mobile operators already have, ”said Reznikovich.
From his words, it also follows that L1Technology does not have loans and therefore will be able to increase its funds to $ 25 billion. He believes that today the telecommunications sector is too “old-fashioned” and needs reforms. “We must break with the past in order to earn money for investors,” explains Reznikovich.
Meanwhile, a dispute continues between the UK government and Friedman’s company over the L1Energy deal with the German concern RWE over the EUR 5.1 billion acquisition of the oil and gas division of DEA, which was completed in early March. L1Energy has acquired part of the North Sea fields, which account for up to 5% of the gas produced by the UK. If the anti-Russian sanctions are strengthened, gas production in the fields may be stopped, which is absolutely not profitable for London.
Source: https://habr.com/ru/post/289298/
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