CapMan invests in Siberian Networks
(Thomson Reuters ONE) -
CapMan Press Release 6 September 2011 at 9:00 am EET
CapMan invests in Siberian Networks
CapMan Russia, a fund managed by CapMan, has invested in Siberian Networks. The
company is a fast growing Internet Service Provider (ISP) operating in the
Siberian Federal District (SFD) of Russia. Siberian Networks aims to further
expand its operations in its primary market area with considerable growth
opportunities. CapMan will support the company in achieving its targets.
Established in 2004, Siberian Networks is one of the leading Internet Service
Providers operating in the Siberian Federal District of Russia. The company
provides triple-play services including high-speed Internet and IPTV for both
commercial and retail customers. Siberian Networks is the third largest player
in Novosibirsk and the leader in Novokuznetsk. The company is expected to
generate a turnover of approx. ?15 million in 2011 and it currently employs
approx. 660 people. Siberian Networks has more than 100,000 subscribers.
"Siberian Networks is a significant player in the telecom market of SFD. Since
its foundation, the company has grown at a very fast pace and has currently
approx. 20% market share in Novosibirsk. In 2007 we also expanded to
Novokuznetsk, where we have today a market share of approx. 25%. We are
currently providing services in Novosibirsk region, Altai and Kemerovo region
and our target is to continue to grow the business across the SFD", says Oleg
Kus', CEO of Siberian Networks.
"The broadband market in the SFD offers significant potential as the penetration
in the area continues to be relatively low. Siberian Networks is a strong
regional player in Novosibirsk and Novokuznetsk and is seeking to further expand
its operations in the SFD. In co-operation with the management, CapMan will
support the company in executing its growth strategy. I am confident that
Siberian Networks is very well placed to partake in the future consolidation of
the market", says Maxim Popov, Investment Director at CapMan.
Following the investment, CapMan Russia fund now owns approx. 20% of the shares
in Siberian Networks, while the remaining is held by the management team. CapMan
Russia fund will increase its ownership to approx. 25% during the following
months. CapMan Plc is a major investor in CapMan Russia fund.
Further information:
Maxim Popov, Investment Director, CapMan Russia, tel. +7 495 620 48 85
Oleg Kus', CEO, Siberian Networks, tel. +7 383 205 00 00
CapMan www.capman.com
CapMan is one of the leading private equity firms in the Nordic countries and
Russia, with assets under management of ?3.4 billion. CapMan has four key
investment partnerships - CapMan Buyout, CapMan Russia, CapMan Public Market,
and CapMan Real Estate - each of which has its own dedicated investment team and
funds. Altogether, CapMan employs approx. 120 people in Helsinki, Stockholm,
Oslo, Moscow and Luxembourg. CapMan was established in 1989 and has been listed
on the Helsinki Stock Exchange since 2001.
Siberian Networks www.sibset.ru
Siberian Networks is a leading telecom company providing services such as high-
speed Internet, IPTV and development of corporate IT networks. The company was
established in 2004 and currently operates in Novosibirsk, Novokuznetsk, Berdsk,
Iskitim, Barnaul, Biysk, Rubtsovsk, Kemerovo and Prokop'evsk utilizing its own
telecom infrastructure. The company is one of the leaders in the Siberian
telecom market measured by the subscriber base and network coverage.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: CapMan Oyj via Thomson Reuters ONE
[HUG#1544233]
Unternehmensinformation / Kurzprofil:
Datum: 06.09.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 62564
Anzahl Zeichen: 4431
contact information:
Town:
Helsinki
Kategorie:
Business News
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"CapMan invests in Siberian Networks"
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