Altimo (alt. Alfa Telecom International Mobile) is the telecoms investment arm of Russia's Alfa Group Consortium, controlled by Russian oligarch Mikhail Fridman. Altimo investee companies operate in Russia, Ukraine, Kazakhstan, Uzbekistan, Kyrgyzstan, Tadjikistan, Bangladesh, Georgia, Turkey, and Beirut, Lebanon; it holds stakes in VimpelCom, MegaFon, Kyivstar, and Turkcell. Together, Altimo's investee companies have more than 150 million mobile phone subscribers. . Altimo Holdings & Investments Ltd. is a British Virgin Islands company. A majority of its shares are owned by CTF Holdings, a Gibraltar limited liability company, whose sole shareholder is Crown Finance Foundation, a Liechtenstein foundation.