2008 January
Tascom Secures $15 Million in Series B Funding; Includes Quadriga Capital
Tascom Secures $15 Million in Series B Funding; Includes Quadriga Capital Russia and EBRD.
Strong Endorsement of Russian Wireless Broadband Fuels Investment in a Moscow and Moscow Oblast Leader.
Moscow, 11 January 2008 – Today ZAO Tascom, a leading independent telecommunications service provider announced that it has raised $15 million in Series B funding. Quadriga Capital Russia led the round along with existing investor, EBRD’s North West and West Russia Regional Venture Fund managed by Norum.
ZAO Tascom General Director Ivan Kuraev said: “I am very pleased to have Quadriga Capital Russia and EBRD as shareholders of the company. The investment will accelerate our company development in Moscow and Moscow Oblast, expand our network to the Regions and allow us to broaden a range of services to our corporate and small business clients.”
“ZAO Tascom is an important investment for Quadriga Capital Russia,“- said Michael Katsnelson, Director and Head of Moscow Representative office, Quadriga Capital Russia. “Telecom and Media are important investment sectors for our Fund. Broadband has high growth potential that is shaping future of Russian telecommunications industry.”
Alberto Morandi, Investment Director at Norum said: “Tascom provides excellent solutions for its clients’ telecommunications needs, and this financing will further expand the company market reach.”
About Tascom
Tascom is an independent telecommunications services provider to the city of Moscow and Moscow oblast. It operates a wireless access broadband network providing Internet access, telephony as well as a range of value-added services. ( www.tascom.ru)
About Norum
Norum is a Moscow and St. Petersburg-based private investment management company operating three private equity funds in Russia. Norum I of USD 63.0 million was established by EBRD and a consortium of Nordic Investors in 1996. Norum II is a USD 25.0 million Fund established in 2003 by EBRD while Norum Russia Fund III was established in 2007 with a target size at final closing of EUR 150.0 Million. Among the Investors of Norum Russia Fund III are EBRD, IFC, the Dutch development Fund FMO, DNB-Nor of Norway and Sitra of Finland. ( www.norum.ru)
About Quadriga Capital Russia
Quadriga Capital Russia is a sister company of the Frankfurt based Quadriga Capital and has been active in managing private equity funds in the Russian Federation since its inception in 1995. Quadriga Capital Russia is advising the new Fund II founded in 2005 for direct investments in Russian private companies. Investors in the Fund are the EBRD, the International Finance Corporation, 3i and a number of other institutional and private investors. The Fund has USD 136.0 million under management which are to be invested in Russian medium sized enterprises. Quadriga Capital Russia maintains offices in St. Petersburg, Moscow and Nizhni Novgorod. ( www.quadriga-capital.ru)Back to news & events list »»»
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