Zubr Capital is considering the prospects of finding a strategic investor or raising capital for Belarus’ largest internet provider Atlant Telecom, Oleg Khusayenov, Director General at the Managing Company for Zubr Capital direct investment funds, reported.
Atlant Telecom has completed a 6-year investment cycle and its patrons are considering the prospects of raising capital of finding a strategic investor, which would develop Atlant Telecom as its structural unit, said Khusayenov.
The direct investment fund controlled by Zubr Capital will pay back the original investment to the European Bank for Reconstruction and Development.
With 200,000 Ethernet users, Atlant Telecom is a privately owned company and Belarus’ largest internet provider after Beletelecom (500,000 Ethernet users).
Atlant Telecom Ltd provides broadband internet services on the basis of ADSL and Ethernet technologies in Minsk, Gomel, Grodno, Brest, Vitebsk and Mogilev. Atlant Telecom also provides IPTV services, cloud-based video monitoring, IP telephony.
Atlant Telecom is owned by SMH direct investment fund controlled by Zubr Capital and the European Bank for Reconstruction and Development. (Prime-TASS/Business World Magazine)