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Files under: News, Tech
Posted by: Yakov @ 08:54 [24. 03. 08]
Volga River One Capital Partners agreed to invest some $20 million for 49.6 percent interest in Metromax, a Samara-based wireless broadband operator, says business daily Vedomosti. The deal follows two other investments in Russia in 2008 that were led by the private equity funds: Quadriga in Tascom and Bessemer in Enforta.
 Metromax was started in Samara in 2005. The company operates its own WiMAX networks in the Russian regional cities of Samara and Ulianovsk as well as builds networks in Orenburg and Saratov.
According to Alfa Bank, the Russian broadband market was valued over $1 billion in 2007.
Volga River One Capital Partners, which manages some $230 million private equity capital, has previously invested in computer retailer White Wind - Digital, auto dealer Genser, and sports goods maker Sprandi.
Tags: broadband, investment, metromax, samara, vc, vedomosti, volga river one capital partners, wimax, wireless
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One Response to «Russian Wireless Broadband is HOT»
1 VC Investments Rising In Russian WiMax Service Providers - GigaOM Yakov @ 08:54 [24. 03. 08]
[...] in venture investments. The latest to get a bag full of VC cash is MetroMax, that has raised $20 million from Volga One River Capital Partners. Last month, Quadriga Capital Russia invested $15 million in Tascom, after a competitor, Enforta [...]
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