Tue, 12 Dec 2006
Russian industrial and financial holding Alfa Group plans to invest up to $2 billion in Indonesia's telecommunications sector as well as other sectors, Alfa Bank said in a statement Monday (4/12/06), citing its president Pyotr Aven.

Aven met with Indonesian President Susilo Bambang Yudhoyono, who was recently on a visit to Russia. Yudhoyono welcomed Alfa Group's intention to invest in Indonesia, saying that the holding would have the support of the Indonesian government, Alfa Bank said, according to Prime-TASS, Russia’s leading business news agency.

Alfa Group has been seeking to expand its telecommunications business into Southeast Asia. The company recently established a representative office in Vietnam.

Altimo, the telecommunications arm of Alfa Group, controls a 32.9% voting stake in Russia's second largest mobile operator VimpelCom and a 29% stake in US-registered telecommunications operator Golden Telecom.

It also indirectly owns about 44% in Ukraine's largest mobile operator Kyivstar, a 25.1% stake in Russia's third largest mobile operator MegaFon, and a 13.22% stake in Turkey's largest mobile operator Turkcell.



News Search/Filter
Transaction Rates
24 Aug 17
Buy
Sell
BTC1
54,892,023
54,892,023
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services