Russia’s Alfa Group Unveils Plans for International Telecom Group
Mikhail Fridman, the chairman of Alfa Group, a Russian investment powerhouse, told the Financial Times newspaper that his company will hold talks with several telecoms companies about the creation of an international mobile phone operator spanning Turkey, Russia and the former Soviet Union.
Fridman said that Alfa is now seeking to consolidate its telecoms stakes in a single Western company. He added that the telecoms industry had become a priority for Alfa, which also has investments in the oil, retail and banking sectors. “In the past few years we have been investing heavily in the telecoms market and have now built a critical mass that will allow us to shape the future of the Russian telecoms industry,” he said.
posted by Fergie @ 7/07/2005 09:13:00 AM
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