Russia's Eyes on Excelcomindo

Altimo, the telecommunications arm of Russian conglomerate Alfa Group, plans to buy 20% to 25% of Indonesian mobile operator Excelcomindo Pratama, the newspaper Vedomosti reported Friday.

It cited an unnamed member of a recent Russian government delegation to Indonesia as saying Altimo will take part in a tender for the Excelcomindo stake in the coming weeks.

Alfa has already expressed an interest in another Indonesian mobile operator, Indosat, although Vedomosti cited Altimo's Chief Executive Alexei Reznikovich as saying that operator's owners are unwilling to sell, reported The Business Times in Singapore.
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