Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Altimo increases its share in VimpelCom
7.10.2012 13:24
Altimo increases its share in VimpelCom

The fund Altimo, holding the telecom investments of the Alfa Group Consortium, has increased its share in the VimpelCom capital from 51% to 52.7%. The voting stake has been increased from 40.5% to 41.8567%. The investment fund has purchased 27.213 million shares of the telecom company from the market from 17 August till 4 October. The total sum of the purchase is $ 273.8 million.


      

Altimo and Norwegian Telenor, which owns 43 % of VimpelCom’s voting shares, have been fighting for control over mobile-phone operator since February this year.


      

VimpelCom is one of the world’s largest integrated telecommunications services operators providing voice and data services through a range of traditional and broadband mobile and fixed technologies in Russia, Italy, Ukraine, Kazakhstan and other countries. In Russia VimpelCom provides mobile-operating services under the brand "Beeline".


      

Altimo was created in 2005 from Alfa Telecom, which itself was established in 2004 to hold the telecoms investments of the Alfa Group Consortium.


      

 


Author: Irina Fomina

Tags: Russian business Russian mobile networks    

Next Previous


You might also find interesting:

Telegram Lost the Case on the Demand of the Federal Security Services for Decryption of Messages
24.08.2018
SPIEF: E-commerce Race
24.05.2018
Tinkoff Bank - the Best Online Retail Bank
11.11.2018
FIFA Fans Spent about 100 Billion Roubles in Russia
10.08.2018
Deripaska's Wealth has Decreased by $ 4.7 Billion This Year
10.05.2018







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

-8

search on the map
TAGS:
Moscow  Yandex  ENEA  Hermitage Museum  Tula Region  Russian tourism  Top 50 Films of All Time  Aleksey Navalny  St. Petersburg  Russian theatres  Georgy Burkov  Flowers Ban  Russian Literature  Pskov  Russian Cinema  Exhibitions in Moscow  ERA-GLONASS  poll  Mercedes-Benz Fashion Week Russia  Grigory Yavlinsky  Vodka Museum  Russian Musicals  Russian Rock Music  crisis in Russia  Russian aviation  Circumnavigation  London Olympic Games 2012  Russian International  traffic restrictions   Russian Premier League  Archeology  Russian economy  Russian history  Egypt  Veliky Novgorod  Olympic Games 2012  Russian women  Alexander Kharitonov  Zenit  Treasure  Russian fashion  Vologda region  Alexander Vampilov  Russian Monuments  Russian business  Sergei Udaltsov  Barack Obama  Volgograd Region  Patriarshy Garden  offshore companies 


Travel Blogs
Top Traveling Sites