 | |
| Company type | Open joint stock company |
|---|---|
| Industry | Telecommunications |
| Founded | November 1994 |
| Defunct | October 1, 2013 |
| Headquarters | 103375 Tverskaya St. 7, Moscow |
Key people | Chairman of the Board of Directors: Leonid Reiman, CEO: Alexander Kiselyov |
| Products | Telecommunications, Internet services, Cable television |
| Revenue | ~ |
Number of employees | ~ |
| Website | http://eng.svyazinvest.ru/ |
OJSC Svyazinvest (Russian: ОАО Связьинвест) was Russia's largest telecommunications holding company. Based in Moscow, it was founded according to Order №1297 of the Russian government on November 25, 1994, and was registered on September 18, 1995. It was an entirely state-owned company until some shares were privatized in the late 1990s. Its operation including brand and subsidiaries were fully incorporated to Rostelecom, the former long-distance telephony monopoly. In late September 2013, Rostelecom completed the final stage of its reorganization, under which the state-run telecom holding Svyazinvest and 20 other firms were integrated into Rostelecom. The government's combined common stake in the merged company amounted to 51.12% after the reorganization.[1]
American financier George Soros invested hundreds of millions of dollars in the company. He later called it "the worst investment he's ever made".[2]
- ^ "Russian ministry seeking organizers for Rostelecom privatization". Prime business news agency. Retrieved 14 December 2013.
- ^ Korchagina, Valeria (18 March 2004). "Did Soros Finally Exit Svyazinvest?". The Moscow Times. Retrieved 22 March 2022.