Service-telecom

History

2025: Joining four companies, preparing for IPO

On February 12, 2025, it became known that the board of directors of GK Service-Telecom JSC approved the reorganization of the company through the merger of four LLCs - Service-Telecom, Technoresurs, Link Development and Infrastructure Investments. The decision was made at the end of January 2025. The company explained that the consolidation of assets is carried out in preparation for a potential IPO and is aimed at optimizing the corporate structure before entering the public markets.

According to Sheets"," the company by February 2025 manages 21,268 communication structures and ranks third in the Russian tower market after New towers"" (35,000 towers) and Tower Infrastructure Company"" MTS (23,000 towers).

𝓲

Фото: Freepik

The group includes real estate management companies: National Tower Company JSC, Link Development and Technoresurs. The GC also manages the joint venture ST-National Project and owns shares in the companies ST - Transport Infrastructure (50.1%) and ST - Energy Grid Infrastructure (50%).

The majority owner of the company with a 75% share is Galina Gurinova, the wife of the founder of the tire holding Cordiant"" Vadim Gurinov. In 2021, the company acquired 15,400 antenna-mast structures from VimpelCom for ₽70 billion.

In December 2022, the asset portfolio was expanded by the purchase of regional operators Opora Telecom and Dacha on Communications, which own more than 500 communications facilities in the Voronezh, Penza, Leningrad and Belgorod regions, as well as in St. Petersburg.

In August 2024, the joint venture ST-National Project began preparations for attracting external funding for the construction of communication infrastructure. The company considered initial plans for an IPO in 2021, when the value of the asset was estimated at $1 billion, and the volume of placement - at $400 million.^[1]

2022

Purchase of Opora Telecom and Dacha in Touch

On December 27, 2022, it became known about the sale of two regional operators of antenna mast structures (AMS) - the companies Opora Telecom and Dacha on Communications - to the Service-Telecom group. Read more here.

Request of the Ministry of Ministry of Digital Development for a delay from mobilization for employees

At the end of September 2022, Russian tower infrastructure operators Service-Telecom and New Towers appealed to the head of the Ministry of Digital Science Maksut Shadayev with a request to provide employees of industry companies with a delay from partial mobilization.

{{quote "Our industry runs the risk of being without qualified personnel to ensure the reliable and uninterrupted operation of critical infrastructure," the letter says, excerpts from which are quoted by Forbes. }}

Tower infrastructure operators appealed to the head of the Ministry of Ministry of Digital Development with a request to provide employees of industry companies with a delay from partial mobilization

So, in "Service-Telecom" 260 people work, of which more than 150 are military liable, the representative of the company noted. About 55% of the communications facilities existing in Russia by September 2022 belong to Service-Telecom and Novy Towers. The communication facilities of tower companies house about 50% of all base stations of the entire cellular communication network, equipment for emergency warning systems, etc.

By September 27, 2022, IT specialists and employees of telecom operators do not fall under partial mobilization, but the delay is not yet due to employees of tower infrastructure operators.

On September 25, 2022, the Bloody Lady Telegram channel published a video message from Service-Telecom employee Dmitry Astrakhantsev from Vsevolozhsk, Leningrad Region, who did not serve in the army, but received a summons. Astrakhantsev is responsible for the construction and development of the Service-Telecom tower portfolio, the company noted. Under his direct responsibility are issues related to compliance with the law when placing critical communication infrastructure on the lands of the forest fund, including in terms of ensuring fire safety of forestry, the company representative added. Astrakhantsev was sent home until October 10, 2022, noted in Service-Telecom^[2]

2021

The purchase of the "National Tower Company" cost $957 million

In early December 2021, the final amount of the transaction for the sale of Veon tower assets in Russia became known. 100% of the shares of National Tower Company JSC and about 15,400 antenna-mast structures were sold to the Service-Telecom group for $957 million, while initially the parties discussed the amount of $970 million. Read more here.

Purchase of the "National Tower Company"

On September 6, 2021, Veon announced the sale of its tower business in Russia. The telecommunications holding entered into an agreement with Service-Telecom, which agreed to buy a portfolio of antenna mast structures for 70.65 billion rubles. Read more here.

Purchase of the Neva Telecom telecom company

In mid-August 2012, it became known about the sale of Neva Telecom to the third largest number of cellular towers to the Russian infrastructure operator Service Telecom. Read more here.

Notes