Altimo
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| Altimo | |
|---|---|
| Type | Private |
| Founded | 2005 |
| Headquarters |  Moscow, Russia |
| Key people | Alexey Reznikovich, CEO |
| Industry | Mobile telecommunications |
| Products | Mobile networks |
| Website | www.altimo.org |
Altimo was created in 2005 from Alfa Telecom, which itself was established in 2004 to hold the telecoms investments of the Alfa Group Consortium. Those assets are in Russia, the CIS and other promising emerging markets.
The companies in which Altimo is invested have a footprint which covers a total population of 334 million people and have over 120 million subscribers.
Altimo already has a proven track record of enhancing the performance of the companies in which it invests, reflected in the performance of Vimplecom which has risen by eight times in value since the company first made its investment in 2001.
Altimo, along with its parent company Alfa Group, is currently involved in a number of disputes with several telecoms operators, involving disputed shares in other telecoms companies. This includes the ongoing battle with the Norwegian telco Telenor regarding the control over Vimpelcom and Kyivstar, and also the struggle against the Finnish/Swedish telco TeliaSonera over the control of the Turkish mobile company Turkcell.
- TeliaSonera initiates legal action against Russian Alfa Group November 28, 2005
- Western Operators Warned to Beware Altimo's Business Record December 14, 2005
- Shareholder dispute could drive Kyivstar into technical default April 11, 2007
- Telenor steps up fight on Altimo 'propaganda' March 30, 2007
