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. Last Updated: 07/27/2016

Alfa May Consolidate Stakes

Alfa Group wants to consolidate its stakes in MegaFon and Turkey’s Turkcell, a senior company official was quoted as saying Monday.

“We have two more assets — a stake in MegaFon and in Turkish operator Turkcell,” Alexei Reznikovich, chief executive Altimo told Kommersant. “Now our aim is to consolidate these assets also, to create on their basis a Russian telecommunications company of a global standard.”

(Reuters)