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Subject: Re: <nettime> Soros as media virus
From: "Armin Medosch" <armin@mail.easynet.co.uk>
Date: 31 Jul 1997 14:52:02 +0200

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I agree that the name Soros has become kind of a media
virus. Now I donīt want to contribute to the "is soros
good, is soros bad?" - discussion. I only want to
report what I read in the Financial Times, Wednesday
30th of July.
There Mr.Soros is cited as "having problems with doing
big investment in countries in which his charitable
foundations are very active".
But concerning Russia he has overcome this problem
between himself as philantropist and as big player in
the international investment business. Recently he
invested 1 billion $ (dollars) in the
russian telecommunications holding company Svyazinvest,
which is controlling stakes in 88 regional telephone
companies and in Rostelekom, the national long distance
and international carrier.
By this move Soros is now partner of Oneximbank, a
russian banking empire, which is, together with a few
other banks, running the russian privatisation business
in a very oligarchist way (see the soon coming
privatisation of Rosneft, the huge state oil company).
Mr. Soros certainly dislikes the Oligarchism of his new
business partners but that didnīt stop him from
becoming shareholder in their business.
So what next? Will he buy himself into Russian national
television? Or is that allready privatised and sold to
Time Warner?
Yours
armin


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