Home › Russia's Fridman forms $16 billion fund to invest in U.S., European telecoms - FT
 

Keywords :   


Russia's Fridman forms $16 billion fund to invest in U.S., European telecoms - FT

2015-04-06 08:52:07| Telecom - Topix.net

Russian billionaire Mikhail Fridman and his Russian partners have come together to create a private-equity-style group that will invest in technology and telecom companies in the U.S. and Europe, the Financial Times reported. The private-equity fund called LetterOne Technology , will utilise its $16 billion in funds - stretchable up to $25 billion - to buy struggling telecom companies that require fresh infusion of capital or technology companies that make apps or streaming services that could be used by its global mobile operations, the FT quoted L1Technology's Chief Executive Alexey Reznikovich as saying.

Tags: forms european fund ft

Category:Telecommunications

Latest from this category

All news
»
28.09Eastern North Pacific Tropical Weather Outlook
28.09Atlantic Tropical Weather Outlook
28.09Post-Tropical Cyclone Helene Public Advisory Number 21
28.09Tropical Storm Joyce Public Advisory Number 5
28.09Summary for Tropical Storm Joyce (AT1/AL112024)
28.09Post-Tropical Cyclone Helene Public Advisory Number 21
28.09Tropical Storm Joyce Forecast Discussion Number 5
28.09Tropical Storm Joyce Wind Speed Probabilities Number 5
More »