Alfa Group
ORG
Alfa Group Alfa
The offer came as the latest step in a long-running duel between Telenor and the Alfa Group, controlled by the Russian billionaire Mikhail Fridman. At issue is the joint ownership by Telenor and Alfa in the largest cellphone company in Ukraine, Kyivstar, and the second largest in Russia, VimpelCom. Alfa, through its holding company Altimo, owns 33 percent of VimpelCom and 43 percent of Kyivstar. The offer came as the latest step in a long-running duel between the two most renowned telecommunications companies  Telenor and the Alfa Group, which is controlled by the Russian billionaire Mikhail Fridman. Alfa, with the help of it's holding company Altimo, owns 33 percent of VimpelCom and 43 percent of Kyivstar. Telenor countered with a statement encouraging Alfa to more carefully consider the proposal for a separation clause.