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ROSTELECOM WILL ESTABLISH A 50$ MLN. VENTURE FUND BY THE END OF THE YEAR.

New invest company will have a focus on Russian software and hardware manufacturers and also cloud systems companies. Rostelecom is being interested in new developments, as it is planning to increase the share of Russian equipment and software in the networks.

 

President of Rostelecom Sergey Kalugin announced that new fund will mainly invest in software and hardware developers. Different types of financing will apply – such as crediting and purchase of shares. The fund will operate for 3 years, the term for investments – 5 years.