About Millenicom
Millenicom is a company based in Istanbul (Turkey) founded in 2004 was acquired by Albaraka Portfolio in October 2024. It operates as a Subscription Services. Millenicom offers products and services including Fiber Internet and Home Phone. Millenicom operates in a competitive market with competitors including KPN, Hong Kong Broadband Network, Cogeco, British Telecom and Ciena, among others.
- Headquarter Istanbul, Turkey
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Sectors
Telecommunications
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Email
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Phone
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Website
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Social
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- Legal Name Millenicom Telekomünikasyon Hizmetleri A.Ş.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
EWE
& 1 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Millenicom
Millenicom offers a comprehensive portfolio of products and services, including Fiber Internet and Home Phone. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-speed fiber internet is provided for residential users.
Home phone services are offered alongside internet packages.
Funding Insights of Millenicom
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Millenicom
Millenicom has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include EWE and Albaraka Portfolio. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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EWE AG is engaged in energy and telecommunication services in Germany.
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Manages investment funds for securities, venture capital, and real estate assets.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Millenicom
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Millenicom
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Millenicom Comparisons
Competitors of Millenicom
Millenicom operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as KPN, Hong Kong Broadband Network, Cogeco, British Telecom and Ciena, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Mobile and fixed-line telecommunication services are provided across Europe.
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Provider of fibre optic broadband internet services
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| domain | founded_year | HQ Location |
Fiber-optic internet, TV, and fixed-line telephone services provider
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Provider of mobile phones and fiber broadband services for home & business
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| domain | founded_year | HQ Location |
Cloud-based network management software is provided for infrastructure planning.
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| domain | founded_year | HQ Location |
Datacenter colocation, communication technology, and managed services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Millenicom
Frequently Asked Questions about Millenicom
When was Millenicom founded?
Millenicom was founded in 2004.
Where is Millenicom located?
Millenicom is headquartered in Istanbul, Turkey.
What does Millenicom do?
Millenicom is engaged in providing fiber internet and home phone services primarily for residential and corporate clients in Turkey. The company is focused on delivering high-speed internet solutions through various tariff plans and campaigns. Services are tailored to enhance customer satisfaction with flexible subscription options and supportive infrastructure. Additionally, customer support and online management tools are offered to ensure seamless user experiences across different communication channels.
Who are the top competitors of Millenicom?
What products or services does Millenicom offer?
Millenicom offers Fiber Internet and Home Phone.
Who are Millenicom's investors?
Millenicom has 2 investors. Key investors include EWE, and Albaraka Portfolio.
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