Svyazinvest

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Brand information:

Website	Svyazinvest
Country	Russia
Industry	Telecom

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OJSC Svyazinvest 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 but some shares were privatized in the late 1990s. Its operation including brand and subsidiaireis 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 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 invested hundreds of millions of dollars in the company. He later called it “the worst investment he’s ever made”.

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