Yota Holding

About Yota operator of cm: Yota (Skartel)

Assets

For June, 2019 capital asset of the company is Yota de Nicaragua - the telecom operator in Nicaragua.

Earlier among company assets were mentioned:

• Yota Group
• Christiva Holdings Ltd.
• Spetsradioservice, LLC

2010: Renaming into Yota Holding and opening of office in London

In 2010 the Cyprian WiMax Holding Ltd — the owner of Yota networks in the different countries — decided to modernize structure which changed since times of venture start of the project a little. After renaming into Yota Holding in London the main strategic issues will be resolved: financing of projects, construction of networks, marketing. In the countries of presence the operator companies will work. The Russian Skartel LLC was going to be renamed into Yota Russia.

The sign Yota appeared in one of office centers of the London region of Farringdon at the beginning of February, 2010. According to a source in the company, to her employees already announced restructuring. In London the control structure under the name Yota Holding will be placed. It was headed by Denis Sverdlov, the CEO of Skartel. Yota Holding will manage all international projects of the company.

Within the next two years (2011-2012) owners of Yota Holding expect to attract up to $1 billion by sale of a share in the company, directly or through the IPO. The raised funds will go for purchase of frequencies for WiMax networks in the new countries. "It would be desirable to enter the markets of a bit different scale, than Belarus and Nicaragua" — says a source in the company. As earlier Denis Sverdlov said in an interview to Kommersant, the company spent $400 million (data of February, 2010) for deployment of networks