Global M&A News, Advisor and Investor Profiles

Telecommunication Services

The latest news about Mergers & Acquisitions, Private Equity and Venture Capital in the Telecommunication Services Industry.

The EBRD Provides RU 450m Loan to Enforta

The EBRD has agreed to provide an unsecured loan to one of Russia's leading broadband internet providers, helping fund the company's expansion plans which include bringing new service to more than 130 cities. The four-year loan, valued at RU 450 million, will go to Enforta's Russian subsidiary, LLC Prestige Internet.

Modesat Announces Successful Series A Funding Round

Communications technology company Modesat Communications has announced a successful Series A funding round which netted the company some €1.85 million. The three investors for the round were Modesat's parent company, Ambient Sound Investments, as well as the Estonian Development Fund and Bellus. Modesat's market entry activity also contributed additional funding. The financing is aimed at facilitating sales negotiations with equipment providers and integrating new equipment into customer products.

Mid Europa Agrees to Sell Aster to U.S. Investment Firm

Mid Europa Partners has announced plans to sell one of its Polish holdings to an American investment firm. On the block is cable television operator Aster Sp. z o.o., which will be acquired by Liberty Global Inc. for a total of PLN 2.4 billion. Liberty will provide PLN 870 million in private equity and assume mid Europa's PLN 1.5 3 billion Aster-related debt. Liberty Global already owns Aster's biggest competitor, UPC Polska Sp. z o.o., so the deal must be approved by Polish regulators.

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