OJSC Svyazinvest (
Russian
Russian(s) refers to anything related to Russia, including:
*Russians (, ''russkiye''), an ethnic group of the East Slavic peoples, primarily living in Russia and neighboring countries
*Rossiyane (), Russian language term for all citizens and peo ...
: ОАО Связьинвест) was
Russia
Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...
's largest
telecommunications
Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...
holding company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...
. Based in
Moscow
Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million ...
, it was founded according to Order №1297 of the
Russian government
The Government of Russia exercises executive power in the Russian Federation. The members of the government are the prime minister, the deputy prime ministers, and the federal ministers. It has its legal basis in the Constitution of the Russia ...
on November 25, 1994, and was registered on September 18, 1995. It was an entirely
state-owned company
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (econom ...
until some shares were
privatized
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...
in the late 1990s. Its operation including brand and subsidiaries were fully incorporated to
Rostelecom
Rostelecom is Russia’s largest provider of digital services for a wide variety of consumers, households, private businesses, government and municipal authorities, and other telecom providers.
Rostelecom interconnects all local public operators ...
, the former
long-distance telephony
In telecommunications, a long-distance call (U.S.) or trunk call (also known as a toll call in the U.K. ) is a telephone call made to a location outside a defined local calling area. Long-distance calls are typically charged a higher billing rate ...
monopoly
A monopoly (from Greek language, Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situati ...
. 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.
American financier
George Soros
George Soros ( name written in eastern order), (born György Schwartz, August 12, 1930) is a Hungarian-American businessman and philanthropist. , he had a net worth of US$8.6 billion, Note that this site is updated daily. having donated mo ...
invested hundreds of millions of dollars in the company. He later called it "the worst investment he's ever made".
History
The company was founded in accordance with
Presidential Decree
A decree is a legal proclamation, usually issued by a head of state (such as the president of a republic or a monarch), according to certain procedures (usually established in a constitution). It has the force of law. The particular term used for ...
№1989 "''On Specific Features of State Management of the Public Switched Network in the Russian Federation''" dated October 10, 1994, and Government Resolution №1297 dated November 25, 1994, and Government Resolution №742 dated July 24, 1995. Svyazinvest's
charter capital
The authorised capital of a company sometimes referred to as the authorised share capital, registered capital or nominal capital, particularly in the United States) is the maximum amount of share capital that the company is authorised by its con ...
was formed by consolidating state-owned stakes in 85 joint stock telecommunications companies. Svyazinvest passed official state registration on September 18, 1995.
In accordance with Resolution №618 issued by the Russian government on May 23, 1997, the Russian Federal Property Fund and the State Committee of the Russian Federation for State Property Management put up for sale an interest equaling 25% + 1 share in Svyazinvest at a cash auction without any investment terms.
In November 1999 Svyazinvest's
board of directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...
amended the company
charter
A charter is the grant of authority or rights, stating that the granter formally recognizes the prerogative of the recipient to exercise the rights specified. It is implicit that the granter retains superiority (or sovereignty), and that the rec ...
and turned it into a management company. As part of the measures to assign the status of a management company to Svyazinvest work got under way to improve procedures to manage associates, specifically by consolidating companies located in one region.
In 2004,
George Soros
George Soros ( name written in eastern order), (born György Schwartz, August 12, 1930) is a Hungarian-American businessman and philanthropist. , he had a net worth of US$8.6 billion, Note that this site is updated daily. having donated mo ...
sold his stake in Svyazinvest to
Len Blavatnik
Sir Leonard Valentinovich Blavatnik, russian: Леонид Валентинович Блаватник, Leonid Valentinovich Blavatnik (born June 14, 1957) is a Ukraine-born American-British business magnate and philanthropist. As of March 202 ...
for $650 million.
[
In April 2011, Svyazinvest subsidiaries were transferred to Rostelecom.]
In May 2011 with Igor Shchyogolev
Igor Olegovich Shchyogolev (russian: И́горь Оле́гович Щёголев; born November 10, 1965) is a Russian politician. From May 2008 to 20 May 2012, he has served as the Russian Minister of Telecommunications.
Early life and ed ...
's support, Alexander Trubetskoy became chairman of the board and Vadim Semyonov, who is a citizen of both Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...
and Russia
Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...
, became CEO of Svyazinvest on 3 November 2010 replacing Evgeny Yurchenko because Yurchenko refused to support Konstantin Malofeev
Konstantin Valeryevich Malofeev (russian: link=no, Константин Валерьевич Малофеев) is a Russian businessman and chairman of non-government pro-monarchism organisation Society for the Development of Russian Historical ...
's decisions calling Malofeev "Russia's great raider" (russian: «великим рейдером России»).; born 1947 Paris
Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. S ...
, France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...
) is close to both Igor Shchyogolev
Igor Olegovich Shchyogolev (russian: И́горь Оле́гович Щёголев; born November 10, 1965) is a Russian politician. From May 2008 to 20 May 2012, he has served as the Russian Minister of Telecommunications.
Early life and ed ...
and Konstantin Malofeev
Konstantin Valeryevich Malofeev (russian: link=no, Константин Валерьевич Малофеев) is a Russian businessman and chairman of non-government pro-monarchism organisation Society for the Development of Russian Historical ...
of the Marshall Capital Fund.[ Trubetskoy's parents Prince Alexander Trubetskoy and Princess Alexandra Golitsyna are White Russians who lived in Paris, France following the ]Russian Civil War
, date = October Revolution, 7 November 1917 – Yakut revolt, 16 June 1923{{Efn, The main phase ended on 25 October 1922. Revolt against the Bolsheviks continued Basmachi movement, in Central Asia and Tungus Republic, the Far East th ...
. Beginning in 1972, Trubetskoy supplied equipment for oil fields in Iraq, Syria and Lebanon.[ From 1975 to 1994, Trubetskoy worked at ]Thomson CSF
Thomson-CSF was a French company that specialized in the development and manufacture of electronics with a heavy focus upon the aerospace and defence sectors of the market.
Thomson-CSF was formed in 1968 following the merger of Thomson-Houst ...
, sold computers and communications equipment to Gazprom
PJSC Gazprom ( rus, Газпром, , ɡɐzˈprom) is a Russian majority state-owned multinational energy corporation headquartered in the Lakhta Center in Saint Petersburg. As of 2019, with sales over $120 billion, it was ranked as the larges ...
, Academy of Sciences of the Soviet Union
The Academy of Sciences of the Soviet Union was the highest scientific institution of the Soviet Union from 1925 to 1991, uniting the country's leading scientists, subordinated directly to the Council of Ministers of the Soviet Union (until 1946 ...
, RAO UES
OAO RAO UES (OAO Unified Energy System of Russia; russian: ЕЭС России or russian: Единая Энергетическая Система) was an electric power holding company in Russia. It controlled about 70% of Russia's installed el ...
, Igor Shchyogolev
Igor Olegovich Shchyogolev (russian: И́горь Оле́гович Щёголев; born November 10, 1965) is a Russian politician. From May 2008 to 20 May 2012, he has served as the Russian Minister of Telecommunications.
Early life and ed ...
, and TASS
The Russian News Agency TASS (russian: Информацио́нное аге́нтство Росси́и ТАСС, translit=Informatsionnoye agentstvo Rossii, or Information agency of Russia), abbreviated TASS (russian: ТАСС, label=none) ...
, and was working at Thomson CSF when Vladimir Vetrov
, nickname =
, image =
, caption =
, allegiance = Soviet Union later France
, service = KGB, DST
, serviceyears =
, rank = Lieutenant Colonel
, operation = F ...
defected to the West.[ ), a citizen of both Canada and Russia, was CEO of Svyazinvest from October 2011 until 2013. He attended school with both ]Dmitry Medvedev
Dmitry Anatolyevich Medvedev ( rus, links=no, Дмитрий Анатольевич Медведев, p=ˈdmʲitrʲɪj ɐnɐˈtolʲjɪvʲɪtɕ mʲɪdˈvʲedʲɪf; born 14 September 1965) is a Russian politician who has been serving as the dep ...
and Yevgeny Trubin (russian: Евгений Трубин) who had been general director of Lenizdat.
Subsidiaries
* OJSC Central Telegraph (80%)
* OJSC Rostelecom (45.28%)
* OJSC Giprosvyaz (59.99%)
* OJSC Kostroma GTS (37%)
* OJSC Bashinformsvyaz (29.31%)
* OJSC Chukotkasvyazinform (100%)
* OJSC Ingushelectrosvyaz (100%)
* OJSC Moscow mezhdugorodnaya telephone station N9 (50.67%)
Svyazinvest is three-quarters owned by Rosproperty and one-quarter owned by Rostelecom
Rostelecom is Russia’s largest provider of digital services for a wide variety of consumers, households, private businesses, government and municipal authorities, and other telecom providers.
Rostelecom interconnects all local public operators ...
.
Management
Directors general
* Alexander Lipatov (August 1995–March 1996)
* Nail Ismailov (March 1996–April 1999)
* Oleg Belov (April 1999–October 1999)
* Valery Yashin (October 21, 1999–?)
* (June 29, 2006–present)
Chairman of the Board
* Nikolay Pozhitkov (until April 1999)
* Boris Ponomarenko (April 1999–July 1999)
* Russia's Minister of Science and Technology Vladimir Bulgak
Vladimir Bulgak (russian: Владимир Булгак; born 9 May 1941) is a Russian engineer, bureaucrat and politician. He served in different capacities in various cabinets of Russia, including deputy prime minister.
Early life and educati ...
(July 15, 1999–June 2000)
* Russia's Minister of Communication and Informatization Leonid Reiman
Leonid Dodojonovich Reiman (Russian: Леонид Дододжонович Рейман; born 12 July 1957, in Leningrad) is a Russian businessman and government official, former Minister of Communications and Information Technologies of the Russi ...
(June 26, 2000–present)
As of June 29, 2006, Svyazinvest's Board of Directors included the following as members:
* Leonid Reiman
Leonid Dodojonovich Reiman (Russian: Леонид Дододжонович Рейман; born 12 July 1957, in Leningrad) is a Russian businessman and government official, former Minister of Communications and Information Technologies of the Russi ...
, Chairman – Minister for Information Technologies and Communications
* Boris Antonyuk – Deputy Minister for Information Technologies and Communications
* Kirill Androsov
Kirill Androsov Ph.D (born June 1972) is a Russian businessman, economist, and investor.
Androsov is a former Deputy Minister of the Ministry of Economic Development and Trade of the Russian Federation and Deputy Chief of Staff of the Office of ...
– Deputy Minister for Economic Development and Trade
* Vadim Stepanov – Secretary of State, Deputy Director of the Russian Federal Protection Service
* Lyudmila Pridanova – Deputy Head of Rosimushchestvo
The Federal Agency for State Property Management (Rosimushchestvo) () is a subdivision of the Russian Ministry of Economic Development that manages Russia's federal state property.
History
The agency was formed by a presidential decree, No.314, ...
* Karen Markaryan – Assistant Deputy Head of the RF Government Executive Office
* Vasiliy Popick – Assistant of the RF President's Expert Department
* Anatoly Akimenko – Representative, Mustcom Ltd.
* Sergei Karpukhovich – Representative, Mustcom Ltd.
As of June 29, 2006, the Management Board included the following as members:
* Alexander Kiselyov, Chairman – Director General
* Stanislav Panchenko (Deputy Director General)
* Konstantin Belyaev (Deputy Director General)
* Evgeny Chechelnitsky (Deputy Director General)
* Vladimir Zhelonkin (Deputy Director General)
See also
* Quantum Group of Funds
The Quantum Group of Funds are privately owned hedge funds based in London, New York, Curaçao (Kingdom of the Netherlands) and Cayman Islands. They are advised by George Soros through his company Soros Fund Management. Soros started the fund ...
Notes
References
*
External links
*
Official Svyazinvest website
{{Authority control
Defunct telecommunications companies
Telecommunications companies of Russia
Internet service providers of Russia
Mobile phone companies of Russia
Companies based in Moscow
Telecommunications companies established in 1993
Technology companies disestablished in 2013
1993 establishments in Russia
2013 disestablishments in Russia
Defunct companies of Russia
Rostelecom