About Alfa Group On May 30, 2001, Eco Telecom Limited (called
Altimo since December 2005), part of the Alfa Group of companies,
purchased a strategic ownership interest in VimpelCom. As of
January 1, 2006, Alfa Group owned 32.9% of VimpelCom’s voting
capital stock.
Founded in July 1989, Alfa Group’s extensive operations throughout
Russia, combined with its position as one of Russia’s largest
financial industrial groups, made it an ideal partner for
VimpelCom’s transformation into a nationwide wireless operator.
Alfa Group’s business interests cover oil and gas, commodities
trading, commercial and investment banking, insurance, retail trade
and telecommunications. VimpelCom believes that Alfa Group’s
extensive knowledge of the Russian regions as well as countries of
the CIS, coupled with Telenor’s expertise in wireless
telecommunications, and their capital investments provide a solid
foundation for a complementary strategic partnership to build
VimpelCom as one of the leading wireless operators in Russia and
the CIS.Alfa Group Website 
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