Usmanov is chief executive officer of Gazprominvestholding. His fortune stems
from holdings in mining (Metalloinvest, Russia's largest iron ore producer), technology (Facebook, Twitter, Alibaba, Zynga and Groupon through Digital Sky Technologies and Mail.ru) and telecommunications (MegaFon). He also co-owns U.K. soccer team Arsenal.
OAO Mobile TeleSystems, Russia’s largest wireless carrier, rallied the most in almost nine months in New York and narrowed its discount to OAO MegaFon as a surge in data demand bolstered its profitability outlook.
OAO Mobile TeleSystems, Russia’s largest wireless carrier, reported second-quarter earnings topping analysts’ estimates as subscribers spent more on data and increased its full-year profitability forecast.
OAO MegaFon, Russia’s second-largest wireless carrier, said it plans to buy smaller mobile operator Scartel from owners including billionaire Alisher Usmanov for $1.18 billion and reported higher second-quarter earnings.
Russia is seeking to shed its image as a hub for pirated movies and become the next hot market for legal online video, a boon for local services trying to lure users before competitors such as Netflix Inc. enter the country.
President Vladimir Putin signed a decree to award billionaire Alisher Usmanov the Order for Service to the Fatherland, Russia’s highest civil award, according to a statement on the government’s website.