The Alpha-Echo company which is part of the Alpha Group has bought an interest in Megafon, said Megafon Public Relations Director Andrei Klimov. He told AKC that Alpha-Echo bought a 25% plus one share interest in Megafon. He declined to comment further saying 'the transaction was the business of shareholders.'
Alpha-Echo also owns shares in mobile telephone company VympelKom. However, Klimov said that 'it was too early' to talk about Alpha-Echo merging their holdings with the two mobile telephone companies.
Megafon is a nationwide company providing mobile telephone connections using GSM 900/1800 frequencies, and is one of the three largest mobile telephone companies in Russia serving 4.5 million subscribers.
Russian President Vladimir Putin is confident that the conflict between Israel and the Palestinian Authority directly threatens Russia's security