Svyazinvest
Sign in to saveOJSC Svyazinvest (Russian: ОАО Связьинвест) was Russia's largest telecommunications holding company. Based in Moscow, it was founded according to Order №1297 of the Russian government on November 25, 1994, and was registered on September 18, 1995. It was an entirely state-owned company until some shares were privatized in the late 1990s. The company consolidated and managed the government's 51% stake in 85 of Russia's 87 regional and local telecom companies. In 2001-2003 Svyazinvest merged over 80 regional and local telecommunications companies to form seven mega-regional companies which opera
Wikidata facts
- Instance of
- enterprise
- Country
- Russia
- Headquarters
- Moscow
- Industry
- telecommunications
- Legal form
- open joint-stock company
- Official website
- svyazinvest.ru
Show 4 more facts
- dissolved, abolished or demolished date
- 2013-10-01
- inception
- 1994-11-00
- owner of
- Rostelecom
- product or material produced
- telecommunications
Sources (2)
via Wikidata · CC0
~7 min read
Encyclopedic overview
9 sectionsContents
- History
- Subsidiaries
- Management
- Directors general
- Chairman of the Board
- See also
- Notes
- References
- External links
OJSC Svyazinvest (Russian: ОАО Связьинвест) was Russia's largest telecommunications holding company. Based in Moscow, it was founded according to Order №1297 of the Russian government on November 25, 1994, and was registered on September 18, 1995. It was an entirely state-owned company until some shares were privatized in the late 1990s. The company consolidated and managed the government's 51% stake in 85 of Russia's 87 regional and local telecom companies. In 2001-2003 Svyazinvest merged over 80 regional and local telecommunications companies to form seven mega-regional companies which operated alongside the long-distance operator Rostelecom.
American financier George Soros invested hundreds of millions of dollars in the company. He later called it "the worst investment he's ever made".
Excerpted from Wikipedia’s “Svyazinvest” article, available under the CC BY-SA 4.0 licence.