Altimo ups Vimpelcom stake - Mobile World Live

Altimo ups Vimpelcom stake

08 OCT 2012

Altimo, the telecoms investment arm of Russia’s Alfa,  increased its voting stake in operator group Vimpelcom from 40.5 percent to 41.85 percent, reports Reuters. This brings the company closer to the 43 percent stake owned by Telenor. Russia’s antitrust regulator last week backed a plan for Telenor and Altimo to equalise their stakes in Vimpelcom, in an effort to mitigate the influence of the Nordic company.

Author

Tim Ferguson

Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter... More

Read more

Related

Tags