Golden Telecom Buys NTT
Marchmont Capital Looks to the Regions
From a press release posted recently on CNN Money.com:
Golden Telecom, Inc. ("Golden Telecom" or the "Company") (NASDAQ: GLDN), a leading facilities-based provider of integrated telecommunications and Internet services in major population centers throughout Russia and other countries of the Commonwealth of Independent States ("CIS"), announces today the closing of the acquisition of a 100% stake in LLC "New Telecom Technologies" ("NTT") in Krasnodar -- an alternative carrier providing communication services to business customers and carriers in the region...The acquisition of NTT is part of Golden Telecom's successful regional expansion strategy. Golden Telecom already owns and operates sizeable local and intercity networks in Novorossiysk, Gelendzhik, Sochi and other cities in the Krasnodar region. In Sochi, Golden Telecom offers long-distance services, corporate networks and Internet access through Sochi Telecom, a telecom operator established in 1999 and acquired by Golden Telecom in October 2005.
Golden Telecom joins Rostelecom (NYSE: ROS) and Vimpelcom (NYSE: VIP) among the fastest growing publicly-traded companies in the Russian telecommunications sector.
Click on the extended post to read more Krasnodar business news.
Kendrick White is the Managing Principal of Marchmont Capital Partners and is based in Nizhny Novgorod
Marchmont Capital Partners to Open Kransodar Office in April
As interest in the Russian regions grows, I wanted to alert you to a great source of information being provided by Kendrick White and his team at Marchmont Capital. I met Kendrick in 2006 when he spoke to the US-Russia Chamber of Commerce of New England members at the invitation of Cathy Mannick.
I was very impressed with both Kendrick’s nuanced on-the-ground understanding of the business environment in Russia and with his track record of success investing in start-up Russia companies (you can read more about Kendrick in the post A User's Guide to Investing in the Real Russia by Vladimir F. Kuznetsov). Kendrick is now focusing his efforts of his own company, Marchmont Capital.
Marchmont is unique amongst investment banks in that it has decided to specialize in the regions of Russia. While Moscow and St. Petersburg have been the primary focus of Western investors over the past 8 years, there are now many super profitable opportunities in the regional cities with populations of 1 million or more.
Marchmont is building a regional network of offices and as each office comes online it publishes a Regional Profile. In 2007, regional profiles were published for Nizhny Novgorod, Ekaterinburg, Novosibirsk, and Rostov-on-Don (coming soon). In 2008, new cities added with include January South Urals, February Kazan, March West Siberia, April Krasnodar, May Tyumen, June Nizhny Novgorod (refresh), July East Siberia, August Sochi, September Big Urals, October Samara, November Vladivostok, December Stavropol.
There are currently 3 issues available online at this webpage.
I look forward to sharing with you news and announcements I learn about from Marchmont Capital concerning Krasnodar. If you would like to contact Kendrick, you can email him at k.white@marchmont.ru.
My only “complaint” is that Krasnodar wasn’t first on the list after Nizhny Novgorod : )
Timothy Post, a native of Boston, Massachussets and an MBA graduate of Babson College, is a private equity and real estate developer in Krasnodar Krai. You can read the original post on Tim's blog, Inside Krasnodar. If you have more questions about doing business in Krasnodar, you can email him at email@timothypost.com.
Comments
Thanks for the article about us. Just wanted to point out that there are actually 5 journals there nowadays (Rostov and Chelyabinsk done since this post) and Krasnodar is being done this year.
Posted by: Andy | February 18, 2008 8:40 PM