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 MegaFon, Russia’s second-largest wireless operator, reported that growth in data revenue slowed as most customers who can afford smartphones already have them, signaling sales increases will be harder to come by.
OAO Rostelecom, Russia’s state- controlled telecommunications operator, plans to spin off mobile assets before their possible merger with VTB Group’s Tele2 Russia to form the fourth nationwide wireless operator.
President Vladimir Putin’s billionaire ally Yury Kovalchuk is buying half of Tele2 Russia Holding AB with partners, seeking to make the wireless carrier a stronger competitor to the country’s three dominant operators.
Billionaire Alisher Usmanov tightened his grip over OAO MegaFon by boosting his stake in a holding company that controls the second-biggest Russian wireless carrier, betting on continued growth in mobile-data demand.