Telegram sets a billion dollars – partly from abu dhabi
Telegram has found donors for a billion US dollars. This has shared pawel durov, co-agent of the messaging app, on tuesday. The money comes at the right time, telegram has to pay back a loan over $ 700 million in april. Only one of the donors is publicly known so far: the emirate abu dhabi.
His state fund mubadala has drawn for $ 75 million. In addition, the same amount of abu dhabi catalyst partners, a joint venture mubadalas with the new york investment company falcon edge capital. This has announced mubadala on tuesday.
Durov’s envision is arm to detail. He speaks of bonds and emphasizes that telegram will not be sold. According to US media reports, these are five-year convertible bonds. Unknown is the high of the interest rate. Update 25. Marz, 8:15 clock telegram has confirmed our site that it is a convertible bond. However, the conversion into telegram stocks only takes place when telegram goes through an initial public offer to the borse. An obligation to such a boron is not entered by telegram. If telegram simply does not operate the bond, there is no automatic exchange in shares. / update
Visa denied: dubai instead of berlin
Telegram pays to the world-installed apps, but has not achieved any well-known revenue since the market presence in 2013. At the same time, employees and the infrastructure for more than half a billion users cost a lot of money. In the future, advertisements should be financed in public telegram channels (not in private chats) as well as taxable additional services telegram. The current basic functions should stay free of charge, promises durov. His goal is a defensive, financially sustainable communication service "for decades (or centuries)".
The investment from abu dhabi should be reportedly associated with the fact that telegram opened a branch in the emirate. 2014-15 residents the company still in berlin. Because germany did not give all team members a visa at that time, telegram began a hiking trail that has guided to today’s headquarters in dubai.
