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Tag: fund
Vimpelcom shareholder sets up telecom investment fund
2015-04-06 09:46:00| Telecompaper Headlines
(Telecompaper) Russian billionaire Mikhail Fridman is setting up a new investment fund for acquire telecoms and technology businesses in Europe and the US. London-based LetterOne Technology (L1Technology) is a type of private equity fund that will also hold Firdman's 48 percent stake in Vimpelcom and 13 percent in Turkcell. The new company's board will include Lastminute.com co-founder Brent Hoberman, Irish telecoms entrepreneur Denis O'Brien, Osama Bedier, a former Google payments executive, former Skype executive Russ Shaw and Sir Julian Horn-Smith, one of the founding management team at Vodafone. CEO Alexey Reznikovich told the Financial Times that he believed that the "old fashioned" telecoms industry needed a root-and-branch overhaul to make money for investors. He said the group had no debt on its balance sheet, which meant that leverage could be used to increase available funds to USD 25 billion. Reznikovich said the company was aiming to acquire businesses in areas ranging from traditional telecoms groups that needed help or new capital, to internet companies such as those making apps and streaming services that could be used by its global mobile operations.
Tags: sets
investment
fund
telecom
Russia's Fridman forms $16 billion fund to invest in U.S., European telecoms - FT
2015-04-06 08:52:07| Telecom - Topix.net
Russian billionaire Mikhail Fridman and his Russian partners have come together to create a private-equity-style group that will invest in technology and telecom companies in the U.S. and Europe, the Financial Times reported. The private-equity fund called LetterOne Technology , will utilise its $16 billion in funds - stretchable up to $25 billion - to buy struggling telecom companies that require fresh infusion of capital or technology companies that make apps or streaming services that could be used by its global mobile operations, the FT quoted L1Technology's Chief Executive Alexey Reznikovich as saying.
More deals ahead? China fund buys Silicon Valley chip maker
2015-04-05 21:48:16| Semiconductors - Topix.net
China's aggressive new policy to expand its semiconductor industry is worrying U.S. chipmakers, many of which are based in Silicon Valley, and raising potential national security concerns as it begins to acquire U.S. tech companies. The world's largest market for integrated circuits, China is expected to spend up to $100 billion on both domestic investments and acquisitions abroad to grow its semiconductor industry by more than 20 percent annually over the next five years.
Tags: china
deals
valley
ahead
Carol Kellermann: To fund the subways, charge drivers more
2015-04-03 11:47:13| Railroads - Topix.net
The Metropolitan Transportation Authority needs about $32 billion over the next five years to repair, replace and improve its facilities, notably the vast and essential mass transit system. It only has about $13 billion.
Tags: charge
fund
drivers
carol
Hydro Fund Audit Report for the year ended August 31, 2014
2015-04-02 18:47:20| PortlandOnline
PDF Document, 1,345kbCategory: Hydroelectric Power Fund Independent Auditor's Reports and Financial Statements
Tags: year
report
august
ended
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