Venture Fund "Rostelecom" chose the first 7 projects for investment
According to RIA Novosti, Rostelecom has decided on projects that it will finance from its venture capital fund. Its volume is 1 billion rubles. Information about the projects themselves is not disclosed, as transactions with them are not yet closed.
“We now have seven projects selected at a preliminary stage for investment from a venture capital fund. So far, no deal has been closed, ”the president of Rostelecom, Sergei Kalugin, said. He added that, most likely, non-controlling interests in these companies will be acquired.
The three selected companies are software developers. The sum of each of the three transactions is estimated at several million rubles. The remaining companies are manufacturers of equipment. Transactions with them are planned to be concluded in amounts of several tens of millions of rubles.
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Rostelecom is not in a hurry to part with the money of the fund. The total value of the seven upcoming transactions will not be half of the total fund. “We are investing in companies that make complementary development to us. These are Russian companies, among which there are those whose products we use. This is done so that they can modify the ready-made solutions, ”explained Kalugin.
Of interest to Rostelecom are companies developing new products and services in the field of import substitution of equipment and software. In addition, there are interesting projects that lie at the interface between portfolio companies and the main business of Rostelecom.
The management of the company discussed the creation of a venture fund in the autumn of last year. Then it was not excluded that the fund could attract additional investors. If this happens, its volume will increase significantly.
Rostelecom is the largest telecom operator in Russia. The state owns 43.07% of the authorized capital of the operator. Another 3.79% belong to Vnesheconombank, and 1.04% to the Russian Direct Investment Fund. The consolidated net profit of Rostelecom under IFRS in 2014 reached 37.8 billion rubles, revenue - 311 billion rubles.
“We now have seven projects selected at a preliminary stage for investment from a venture capital fund. So far, no deal has been closed, ”the president of Rostelecom, Sergei Kalugin, said. He added that, most likely, non-controlling interests in these companies will be acquired.
The three selected companies are software developers. The sum of each of the three transactions is estimated at several million rubles. The remaining companies are manufacturers of equipment. Transactions with them are planned to be concluded in amounts of several tens of millions of rubles.
')
Rostelecom is not in a hurry to part with the money of the fund. The total value of the seven upcoming transactions will not be half of the total fund. “We are investing in companies that make complementary development to us. These are Russian companies, among which there are those whose products we use. This is done so that they can modify the ready-made solutions, ”explained Kalugin.
Of interest to Rostelecom are companies developing new products and services in the field of import substitution of equipment and software. In addition, there are interesting projects that lie at the interface between portfolio companies and the main business of Rostelecom.
The management of the company discussed the creation of a venture fund in the autumn of last year. Then it was not excluded that the fund could attract additional investors. If this happens, its volume will increase significantly.
Rostelecom is the largest telecom operator in Russia. The state owns 43.07% of the authorized capital of the operator. Another 3.79% belong to Vnesheconombank, and 1.04% to the Russian Direct Investment Fund. The consolidated net profit of Rostelecom under IFRS in 2014 reached 37.8 billion rubles, revenue - 311 billion rubles.
Source: https://habr.com/ru/post/289396/
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