Altimo (or Alfa Telecom International Mobile in full) is the telecoms investment arm of Russia's Alfa Group Consortium, controlled by Russian oligarch Mikhail Fridman. Altimo invests in Russia, the CIS, Turkey, and Beirut, Lebanon operating in the field of mobile and fixed-line communications. Altimo was launched in London on 1 December 2005. Before then, since 2004, Altimo was known as Alfa Telecom. Altimo Holdings & Investments Ltd. is a British Virgin Islands company.