Financial Times FT.com

Deal places Alfa atop Russian mobile industry

By Catherine Belton in Moscow

Published: November 13 2009 01:44 | Last updated: November 13 2009 01:44

Alfa Group’s latest deal puts it at the top of the Russian mobile industry after more than five years of bruising corporate battles that saw it take on Scandinavian telecoms, a Turkish billionaire and even the Russian telecoms minister.

In court cases that stretched from New York, Bermuda, the British Virgin Islands to Siberia and Ukraine, oligarch Mikhail Fridman’s group fought “extraordinary hardball”, according to one industry insider, standoffs that in some cases have raised concerns about Russia’s investment climate.

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