Russian Towers, a Russian company that owns, operates, and leases telecommunication towers, secured a $100 million investment last week from a consortium of investors led by the Macquarie-Renaissance Infrastructure Fund (MRIF), which committed itself to invest half of the total.
Another $20 million is coming from emerging market investor ADM Capital, while founding shareholders UFG Private Equity and EBRD are offering $15 million. The latter entities had already contributed $37 million to fund the company since its establishement in 2009.
Russian Towers, which currently operates 150 towers across 20 Russian regions, intends to build or acquire another 500 by the end of the year – particularly along railways in the South and the Far-East.
The company serves all of the three major Russian mobile operators: Megafon, MTS, and Vimpelcom.
Sources: Renaissance Group, Vedomosti
