Russian telecom Enforta continues to build its network through acquisition of smaller companies, with the successful completion of a deal to purchase 100% of KTS CJSC. The addition of KTS CJSC means Enforta has now expanded its services into Russia’s Kuzbass region and can reach more than 500,000 potential new customers.
In 2006 Enforta acquired telecom competitors Netprovodov.ru, Sky Telecom, Mir TV, and Art Communications. The newest acquisition is part of Enforta’s overall plan of continued expansion in Russia.
Investors in parent company Enforta B.V. include Baring Vostok Capital Partners, Bessemer Venture Partners, UFG Private Equity, the EBRD, and company management.
KTS CJSC
KTS CJSC is a 10-year-old telecom company originally established in 2000. The company built and deployed its own fiber-optic network in the Russian cities it serviced.
KTS CJSC operated under the Polenet brand name to provide telecom services to residential and business customers in southwest Russia.
Enforta (www.enforta.ru)
Enforta is one of only a few Russian companies offering wireless broadband service using WiMAX and pre-WiMAX technology. In addition to wireless broadband, the company also provides local phone service, Internet access, and virtual private networking services. As of this past summer Enforta provided service to commercial and residential customers in 70 cities throughout Russia. With its latest acquisitions, Enforta is now in a strong position to meet its goal of being in 100 cities by the end of this year.
In 2009 the company employed 1,700 people and produced total revenues of RUB 1.6 billion. Enforta headquarters are located in Moscow.
14/12/2010
Central & Eastern Europe, Private Equity News, Russia, Telecoms & Media