L1 Technology has a 47.85% voting stake in VEON, the global telecoms company headquartered in Amsterdam, and a 19.8% stake in Turkcell, Turkey’s leading telecoms operator.

Alexander Pertsovsky

"VEON made good progress with successful restructuring of its non-CIS subsidiaries holding structure and massive HQ simplification. 2019 financial targets were met or acceded despite challenges in Russian business"

Alexander Pertsovsky Managing Partner L1 Technology

L1 Technology Investments

L1 Technology continues to actively look for investments in the broader technology space in the EMEA region with a particular focus on the following areas: 1) Software, 2) Digital Platforms, 3) Tech Enabled Services and 4) Data & Information Platforms. L1 Technology has a flexible holding period and typically looks to deploy at least USD $100 million as a majority or large minority shareholder in profitable businesses.

Qvantel, a provider of BSS (business support system) solutions for telecoms, continues to be focused on developing its next-generation BSS product and executing a number of large customer deliveries. 2019 was a significant year for the company, marked by multiple successful customer deliveries, surpassing €100m revenue, and achieving meaningful profitability.

L1 Technology Team

The L1 Technology Team is responsible for the sourcing, screening and presenting investment opportunities for approval by L1 Investment Holdings Board as well as advising on the strategy and operational performance of the existing investment portfolio. The team is supported by an independent Advisory Board.

Alexander Pertsovsky

Alexander Pertsovsky

Managing Partner

Andrei Gusev

Andrei Gusev

Senior Partner

Nicolas Slim

Nicolas Slim

Partner

Chris Devereux

Chris Devereux

Partner

Denis O’Brien

Denis O’Brien

L1 Technology Advisory Board and Founder of Esat Telecom Group and Digicel

Robert Easton

Robert Easton

L1 Technology Advisory Board Chairman

Jason Goodall

Jason Goodall

Member of L1 Technology Advisory Board

Yaroslav Glazunov

Yaroslav Glazunov

Senior Advisor at L1 Technology

Bohumil Vosalik

Bohumil Vosalik

A Vice President in the investment team at L1 Technology

Thomas Kawalar

Thomas Kawalar

A Vice President in the investment team at L1 Technology