Yesterday IXcellerate, a UK-headquartered operator of datacenters in Russia, announced it has secured a $15 million convertible loan from Goldman Sachs. The bank Goldman Sachs, which will hold a 25% stake after conversion, has become the third key investor in IXcellerate after IFC and Sumitomo Corporation. Since its launch in 2011, IXcellerate has attracted $35 million …
Goldman Sachs invests $15 million in Russian data center Read More
SimpleFinance, a Russian online micro-lending platform targeting small and medium-sized businesses, yesterday announced a Eurobond issue of $30 million with results “fully in line with expectations.” Launched in 2015, SimpleFinance is already profitable and self-financing, with its products enjoying high demand, the company’s press service told East-West Digital News. “But we intend to use this …
ID Finance, a Barcelona-headquartered company with Russian roots, has just secured $50 million in debt funding to fuel its expansion across Latin America. The funding includes $15 million from TKB, a Russian bank which is supported by the EBRD and the IFC, among other backers. After several years of operations in Russian-speaking countries, Spain and Poland, ID Finance launched its online …
High tech lender ID Finance secures $50 million to expand across Latin America Read More
MegaFon‘s plan to acquire a majority stake in Mail.Ru Group, Russia’s main Internet group, seems to materialize with Sberbank opening a credit line of 35 billion rubles ($588.62 million at the current exchange rate) until 2024 to help finance the transaction. The bank will also lower interest rates on three existing credit lines amounting to 97.2 billion roubles. The announcement was …
Sberbank offers $588 million loan to help Megafon take control of Mail.ru Group Read More
Today Gett announced that it has received a $100 million loan facility from Sberbank CIB, the corporate and investment banking branch of Russian national savings Sberbank. This funding comes on top of $540 million previously raised by the company since 2010, according to Sberbank CIB. The last round of financing took place in May 2016, with Volkswagen Group …
On-demand ride service Gett receives $100 million loan from Russia’s Sberbank Read More
The London-based European Bank for Reconstruction and Development (EBRD) has finally decided not to resume operations in Russia next year. The matter had been discussed internally during the summer, as the profitability of the EBRD’s Russian projects was found to be higher than the average, while the state of mind of some of the bank’s shareholders …
EBRD will not resume funding for Russian projects in 2017 Read More
The Moscow Seed Fund, a fund set up by the Moscow government to promote venture investment in local startups, announced earlier this month its decision to provide loans to innovative companies co-invested in by venture funds and business angels. A list of 12 such co-investors, picked on a tender basis, was approved by the fund. …
Moscow city’s seed fund teams up with VCs and angels to support innovation Read More
Megafon, a major Russian mobile operator, is considering purchasing St. Petersburg Internet provider Web Plus, Russian business daily Kommersant reports. The deal price has yet to be disclosed, but, according to experts, the price will be “symbolic”, since Web Plus is a loss-making firm with $4 million debt, the newspaper said. The seller is Telecominvest.
Sweden based Tele2 Russia Holding AB has announced that its subsidiary St. Petersburg Telecom will issue 7 decade bonds totaling 30 billion rubles, or $1.06 billion at the current exchange, reports Interfax.
Sberbank and VTB bank have been announced the winners of an open tender, held by the interregional telecom operator North-Western Telecom, for loan contracts worth a total of $528 million, the company reports.
A handful of mobile and telecom operators in Russia signed a memorandum last week, in the presence of Prime Minister Vladimir Putin, to establish a joint venture for developing an LTE network. The companies involved are VimpelCom, MTS, and MegaFon, the leading Russian mobile operators; Rostelecom, Russia’s national telecom operator; and Scartel, operator of the …
Leading Russian operators could join to create LTE infrastructure Read More
North-Western Telecom has announced an open tender for $500 million worth of four different lines of credit, the firm said.
