Altimo makes a play for Orascom Telecom Holding

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).

TeliaSonera, Altimo merge Turkish, Russian assets

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.

Telenor, Altimo bury hatchet, merge assets

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.

Altimo to Cukurova: We don’t want your money

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 […]

Altimo increases VimpelCom 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 […]

Altimo interested in India?

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 […]