Russia's Alfa Telecom Changes Name, Looks for Foreign Partner"

MOSCOW, Dec 1 (Prime-Tass) -- Russia's Alfa Telecom, which manages the telecommunications assets of its parent company Alfa Group, has changed its name to Altimo and is looking for a global partnership, Altimo said in a press release Thursday.

"I believe that a partnership between Altimo, with our expertise in telecoms investment in these markets, and a global telecoms company, with expertise in telecommunications operations, would be an immensely profitable partnership," the company's CEO Alexey Reznikovich said quoted in the press release.

"Altimo is the leading private equity investment firm in Russia and the CIS," Reznikovich said. "My vision is to be the premier partner of choice for global telecoms companies seeking to venture into new and emerging markets across Eurasia. We will achieve this by sticking to our ethos of pursuing and creating value: in our investment, for our partners, and in the companies in which we invest," Reznikovich said.

Altimo said that the partnership is likely to be of particular interest to Western investors "looking to capitalize on the dynamic, fast-moving growth opportunities of the emerging Eurasian telecoms markets."

The market capitalization of Altimo

Posted to the site on 1st December 2005