Russian operator group Altimo has made a bid to acquire all shares in Egyptian counterpart Orascom Telecom Holding (OTH). The firm made an offer via the Egyptian Stock Exchange, and OTH said it learned about the offer through a notice published by Egypt’s Financial Supervisory Authority (EFSA).
The legal drama involving Nordic operator Telenor continued in Russia this week with authorities disputing the VimpelCom shares it purchased earlier this year.
Nordic operator TeliaSonera and Russian conglomerate Altimo (formerly known as the Alfa Group) were playing happy families this week, agreeing to combine their telecoms assets in Turkey and Russia.
Nordic operator Telenor and Russian conglomerate Altimo (Alfa Group) ended years of legal disputes on Monday with a plan to combine their common assets in Russia and Ukraine.
Russian investor Altimo fired the latest broadside in its battle to control Turkish operator Turkcell on Thursday, when it turned down an offer from owners Cukurova to pay off a $1.3bn loan. To recap, back in the autumn of 2005, Cukurova, a diversified Turkish industrial group in financial trouble, was keen to sell its stake [...]
Filings with the Securities and Exchange Commission this weekend show that Russian conglomerate Alfa Group has raised its holding in Russia’s second largest cellco, VimpelCom, to almost 40 per cent. Alfa performed the move via Gibraltar-based Eco Telecom, a wholly owned subsidiary of the Russian firm. The move is expected to give Altimo greater hold [...]
Russian conglomerate Altimo is the latest party to register an interest in Indian mobile provider Hutchison Essar, according to Russian press on Friday. Altimo, formerly known as the Alfa Group, is understood to have held discussions over the acquisition of a minority holding in the Indian player. With each new expression of interest in Hutch [...]
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