ivi secures new shareholder
JUNE 7, 2021 08.12 EUROPE/LONDON BY CHRIS DZIADUL

Russia’s leading OTT operator ivi now has the backing of VTB Capital.

Quoting a company disclosure, Telecom Daily reports that it owns an 8.8% stake through Peletno Holdings.

It adds that in late May it became known that a consortium of investors, which included Russian Direct Investment Fund (RDIF), Roman Abramovich’s Millhouse, Baring Vostok and VTB Capital, had invested a total of $250 million in ivi.

A previous round of investment in the operator, amounting to around $40 million, was carried out in 2019.

Significantly, Kirill Dmitriev, CEO of RDIF, revealed last week that ivi is still planning an IPO.