Trivon AG

Assets

For the beginning of 2015 the company renders services in 250 cities of 14 regions of Russia, developing wireless and the wire internet.

Trivon Netvorks — management company of several legal entities rendering services of Internet access under the Virgin Connect brand. 100% of the company belong to Trivon AG. According to Kartoteka.ru, its revenue at the end of 2013 made 146.6 million rubles, net loss — 89.9 million rubles.

Owners

According to the materials IFC (The International Finance Corporation, investment division of the World Bank), for the beginning of 2012 shareholders of Trivon AG were:

• Virgin Group of Richard Branson (16.6%),
• Delta Partners (15,2%),
• Eurasia Capital Management (13,5%),
• founders of the company Markus Müller (6.3%) and
• Istvan Kovac (3.1%) and also several unnamed individuals.

In 2012 the European Bank for Reconstruction and Development and IFC became major shareholders of the company. The last invested $25 million which had to go for optimization of network and acquisition in the project.

History

The Swiss Trivon AG is founded and began to render services in several Russian cities in 2004.

In the 2008th the company announced start of WiMax network (technology of wireless Internet access) in 32 regions, but afterwards the geography of the project was reduced.

In 2009 the Trivon AG company purchased Mediaseti and Mediaky, the rendering services to corporate clients in 12 regions of Russia under the Unitline brand.

In 2013 the operator of communication services and broadband access in Nizhny Novgorod was purchased by Megamaks.

In January, 2015 the Trivon group announced acquisition of 75% of Spidi-layn group and intention to redeem other 25%. Terms of transaction are not disclosed. Spidi-layn renders services to Triple Play (broadband access in the Internet, telephony and television) in a b2c segment in more than 40 cities of the Moscow and Kaluga regions. Also the operator locates own fiber optic network. As specified in Trivona, Spidi-layn services more than 50 thousand subscribers. According to the CEO of "TMT of Consulting" Konstantin Ankilov, the asset could cost the buyer 300-400 million rubles.

As the deputy director general on merges and merger of Trivon Vyacheslav Reshetko explained, still the company was present at the market of Moscow and Moscow area mainly at a b2b-segment, and acquisition of Spidi-layn will allow to strengthen positions in the b2c market.

"At this stage when the ShPD market already reaches a maturity, we consider that the exit to mass market through acquisition of operators is more effective by economic and temporary criteria, than organic development" —^[1] explained^[1].

He added that the company considers the possibility of new acquisitions and aims to be in the lead on quality both in a segment of services for business, and for mass market.

"At the same time the task to provide a carpet of the country is not necessary. We look at regions where there is a high economic potential" — he specified.

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