Telecom investments to be reduced by Alfa Group in Russia

www.WirelessFederation.com/news: Alfa Group may have to sell off some of its telecoms assets as desired by Russia’s Competition Regulator, to reduce its dominance in the home market. 25% of Megafon and 44% of VimpelCom is owned by Alfa Group.

The two companies have planned to settle their long-standing shareholder disputes with overseas investors. However, their decision has been criticized as the merged entities have to be registered outside Russia.

Megafon and Sweden’s TeliaSonera agreement to merge their shareholdings in Turkcell into a single holding company has been opposed by the Russian government who would prefer to create a larger Russian telecoms operator spanning both landline and mobile services.