| Company | Description | Sector | Country |
|---|
 | AIRCOM International | Global provider of wireless network planning, optimisation and performance management products and services | TechnologyTelecoms | UK |
 | BTC | Bulgaria's formerly state-owned national telecoms provider
Acquired by AIG Capital Partners | Telecoms | Bulgaria |
 | MACH | A leading provider of inter-operator billing services
Acquired by Warburg Pincus | Business ServicesTechnology Telecoms | Luxembourg |
 | Italtel | Provider of fixed-line telecoms equipment | IndustrialTelecoms | Italy |
 | Slovanet | Owner of Slovanet, the largest business ISP in Slovakia, and SkyNet, a leading business ISP in the Czech Republic
Slovanet sold to management; SkyNet sold to ECM | Telecoms | Czech Republic, Slovakia |
 | Cybercity | Broadband Internet and data services provider
Acquired by Telenor (OSLO: TEL) | Telecoms | Denmark |
 | Cesky mobil | Provider of mobile telecom services
Share sale; subsequently acquired by Vodafone (LSE: VOD; NYSE: VOD) | Telecoms | Czech Republic |
 | Jazztel | Alternative provider of broadband voice, data and Internet services
IPO on Nasdaq and Easdaq (JAZZ); subsequently listed on Nuevo Mercado (JAZ) | Telecoms | Spain |
 | CopperCom | Equipment for voice capability over xDSL infrastructures
Exited in 2003 | Telecoms | USA - Boston |
 | CyberTron Telekom | Fixed-line telecom services provider
Exited in 2002 | Telecoms | Austria |