Brazil’s football star Carlos: Germany, Portugal to meet in 2017 Confederations Cup finalSport March 24, 20:45
Russia to stage best ever edition of FIFA Confederations Cup this year — Brazil’s CarlosSport March 24, 19:28
Jehovah’s Witnesses say they have no suspension orders from Justice Ministry yetSociety & Culture March 24, 19:10
Islamic State claims responsibility for attack on National Guard base in ChechnyaWorld March 24, 18:51
Eurovision organizers set to find solution for Russia's contestant to perfom in KievWorld March 24, 18:46
Russia’s Airborne Force wraps up large-scale drills in CrimeaMilitary & Defense March 24, 18:20
Russia may start Ka-52 attack helicopter deliveries to Egypt in 2nd half of yearMilitary & Defense March 24, 17:21
Ex-Russian MP’s suspected assassin’s ‘double’ pops up in UkraineWorld March 24, 16:59
Photos of the week: Putin at the theater, Trump behind the wheel and Erdogan playing ballSociety & Culture March 24, 16:39
MOSCOW, June 03. /ITAR-TASS/. Altimo, a holding owning and managing telecommunications assets of Russia’s Alfa-Group, will be rebranded into L1 Telecom and will invest into new projects apart from its traditional firms Vimpelcom Ltd., the sole owner of mobile operator VimpelCom, and Turkish cellular operator Turkcell, business daily Vedomosti reported Tuesday.
Altimo has performed the task, set by its shareholders, and created a large international telecom holding, CEO Alexei Reznikovich told the daily.
Reznikovich said that VimpelCom Ltd. is an international company despite the fact that it continues working in Russia and gets a third of its revenue from the local market. Now, the renewed Altimo should adjust its management model, and the process will take time as the company has been formed via mergers and acquisitions rather than an organic growth.
L1 Telecom will be interested in telecom assets, as well as in Internet companies and firms dealing with data storage and procession. “They are of our interest from the point of view of synergy between these branches, adjacent to the telecom field," Reznikovich said.
L1 Telecom will study some options for deals in the US, mainly in the Internet sphere, in Europe and Africa. The company is also interested in domestic assets, he said. L1 Telecom will open an office in London and focus on the assets, 80% of which are located beyond Russia.
Amid adjacent assets, L1 Telecom should be interested in instant messengers and other mobile applications, which are abundant in the US, Raiffeisenbank analyst Sergei Libin said.
The African market is popular for mobile commerce projects, Otkritie Financial Corporation analyst Alexander Vengranovich said.