20.11.2020

Rostelecom buys 51% of the Big3 company

Dear friends, we would like to share important news. Rostelecom buys 51% in the Big Three company, which specializes in waste processing automation. Big Three will become part of the Rostelecom group as a subsidiary, while retaining the team.

The deal will amount to RUB 1.275 billion, the operator has already signed an agreement for the acquisition of 1% and call options for 50% of the shares, which it will exercise in the first half of 2021.

Big3 will become part of the Rostelecom group as a subsidiary, retaining the team, said the operator’s representative. The main product of Big3 is the Waste Management platform. This decision should complement Rostelecom’s waste processing technologies. Waste management operators from 60 regions of Russia are now connected to the Big3’s software and hardware complexes.

In his comments to the media, Artem Sedov, CEO of Big3, noted that the deal promises to be a mutually beneficial partnership for both companies: it will help Rostelecom to occupy a new niche, and Big3 will expand its geography thanks to the operator’s ecosystem. According to Igor Zimin, vice president for applied projects of Rostelecom, for Rostelecom, the deal solves the strategic task of creating another promising business cluster within the company, comparable in potential with such areas as information security and cloud services.

We are pleased to note that the acquaintance of these two companies took place at the GoTech Arena Forum, where Big3 (participating as a Digital Waste Management Platform) was selected by Rostelecom as a winner of their nomination.

For more details, please refer to an article by Vedomosti.

Blog

All news

Startup Cooperation Programs

GoTech team has been working with startups for more than 10 years. If you want to run a corporate accelerator, prepare to hold a contest, conference, hackathon, pitch-session or any other event, where it comes to startups and technologies – let’s get acquainted, we will be glad to help.

More
Technology Scouting

GoTech is a leader in the field of technology scouting. Our funnel numbers more than 12 000 startups from 50 countries and is constantly updated. Experienced team and international partner network allow finding solutions for corporate tasks and startups for investment in Russia, CIS, Europe, Asia, and Latin America.

More
Innovation Tools

We use our own TechScout platform to work with startups. Now it is available for wide use. With the help of TechScout, you will be able to collect applications from startups on your website, manage the pipeline, organize the work of experts and monitor the results of the assessment.

More