I con Private Equity, a Russian based investment firm, is preparing to invest in bringing internet access to some of Russia’s most remote areas. The plan to build and develop WiMax networks covers 11 regions including Leningrad and Moscow, and is expected to cost Icon around USD 200 million. The network is set to begin commercial operations by the 3rd quarter of 2009, with a customer base made up mostly of individual subscribers and small to medium-sized businesses.
Icon Private Equity (www.iconpe.com)
Icon Private Equity is one of the leading PE firms in Russia and Ukraine, steered by a successful management team that brings many years of investment experience to the company.
Icon invests in the financial, media, IT, retail trade, and telecom industries at a rate of 5-8 transactions per year. Currently the firm has over USD 1 billion in assets under management in Russia, Ukraine, Belarus, Western Europe and Asia. Typical investments range between USD 50-200 million and have a 3-5 year horizon. The company’s primary strategy is to acquire a controlling or blocking stake in target companies as a means of then increasing their capitalization and value.
With offices in Moscow and Kiev, Icon employs 30 people.
