Altimo is the telecoms investment arm of Russia's Alfa Group Consortium, controlled by Russian oligarch Mikhail Fridman. Altimo invests in Russia, the CIS and Turkey, operating in the field of mobile and fixed-line communications. Altimo was launched in London on 1 December 2005. Before then, since 2004, Altimo was known as Alfa Telecom. Altimo is a British Virgin Islands company. A majority of its shares are owned by CTF Holdings, a Gibraltar limited liability company, whose sole shareholder is Crown Finance, a Liechtenstein foundation. Since its formation it has been involved in numerous... conflicts with all its main partners in each of the four companies which form the backbone of its investments. These conflicts have resulted in what Judge Lynch of the United States District Court, Southern District of New York described as a "history of collusive and vexatious litigation". In June 2005, a new management team led by Alexey Reznikovich developed a new strategy and vision for the company.
more