Rostelecom's corporate venture capital fund “CommIT Capital” invests in “RDP.RU”
Moscow, Russia – November 16, 2016 - Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that its corporate venture capital fund “CommIT Capital” has invested approximately RUB 130 million in “RDP.RU” group, a leading Russian developer of network functions, receiving 15% of authorized capital.
“RDP.RU” is one of the leading Russian developer of network solutions for telecoms operators and corporate clients, successfully competing with the world leading vendors. The company's portfolio includes the CG-NAT, URL-filtering service, BRAS gateway, DPI, as well as Russia's first universal high-performance IP / MPLS router EcoRouter. Rostelecom actively uses the company’s EcoNAT product (CG-NAT) in its networks.
As a result of this deal, Rostelecom will have the right to be involved in shaping the technology policy and strategy for “RDP.RU” to create higher quality, advanced and marketable products.
“Rostelecom is always interested in cooperation with promising companies whose competence successfully complement our business. “RDP.RU” is a team of industry experts, creating world-class telecommunications solutions. By investing in “RDP.RU”, we are making strategic steps towards our future technological leadership and facilitating faster implementation and higher quality of offered services.”