Vimpelcom backer can take stake in firm vital to its internet strategy

By Eric Auchard

LONDON, Oct 31 (Reuters) - The principal money backer of Russian and emerging marketplaces cell operator Vimpelcom is getting a stake in Qvantel, a Finnish provider of cellular network administration program, in its newest move to assist reinvent Vimpelcom as an world wide web participant.

L1 Engineering claimed on Monday it was creating a strategic expenditure for an undisclosed total in Qvantel, which gives cloud-primarily based, small business help program (BSS) computer cracked software for windows 7 for telecom operators to produce web companies to cell users.

As opposed to common undertaking backers trying to get predominantly to maximise expense returns, L1 aims to invest $2-$3 billion in mid- to late-phase tech companies that can lead to Vimpelcom's system to reinvent itself as a cellular web participant.

"We believe that that the (telecom) sector requirements to disrupt alone, and evolve its functioning types and earnings streams in advance of it is disrupted by other individuals", Alexey Reznikovich, L1 Tech's controlling partner and also Vimpelcom's chairman, said in an interview.

L1 Technology is the tech enterprise arm of LetterOne, the expenditure motor vehicle of Russian billionaire Mikhail Fridman. LetterOne holds a forty eight % stake in Vimpelcom, a mobile operator with above 230 million end users in Russia, Italy, a number of Central Asian nations and Pakistan, Bangladesh and Algeria.

Amsterdam-based mostly Vimpelcom is on the lookout to kind partnerships with world wide web-primarily based gamers though radically down-sizing and restructuring its regular telecoms organization structure.

So much this 12 months, L1 Know-how has introduced a $two hundred million investment decision in cell transportation player Uber internet site on the expectation this will lead to nearer ties among Uber and Vimpelcom in markets the operator serves.

L1 also produced a $50 million financial commitment in U.S.-based mostly FreedomPop, a cellular community operator which delivers voice and knowledge services to customers cost-free of contacting charges, when producing revenue from follow-on high quality solutions. web-crack download site

"Our investments, in common, are not only economical, but also quite strategic," Reznikovich claimed of financing offers that can assist Vimpelcom establish a modern-day Web ecosystem to appeal to and preserve customers. "Our choice would generally be to make strategic investments," he explained of LetterOne's method.

Qvantel is a two-decade-previous Helsinki-dependent organization which before this calendar year struck a deal with Swedish cellular community gear big Ericsson to embed the Finnish firm's products into Ericsson's broader BSS presenting for telecom operators.

In June, Vimpelcom declared a $1 billion partnership with Ericsson to overhaul Vimpelcom's technology infrastructure, a offer in which Qvantel performs a crucial section.

BSS cracked software for windows 7 features as the functioning method for cell networks, allowing for operators to analyse voice, textual content and online video website traffic information, client usage and billing details to regulate cellular solutions for buyers. Qvantel's cloud-centered BSS enables operators to slice fees although introducing new buyer expert services.

Reznikovich also stated he envisioned Vimpelcom's joint undertaking offer in Italy, which delivers collectively the cellular networks of its Wind business with CK Hutchison's 3 Italia, to near in November after acquiring ultimate regulatory approvals previous week. (Enhancing by Alexandra Hudson and Mark Potter)

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