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Alfa Group spins off telecoms assets into Letterone

February 2014

Client(s) Letterone Holdings S.A.

Jones Day advised Alfa Group and Letterone on the spin off of Alfa Group's telecoms assets into Letterone, principally its 47.85 percent shareholding in VimpelCom, the world's sixth largest mobile network operator, and its 13.22 percent beneficial interest in Turkcell, the leading mobile operator in Turkey, including the buy-out of certain minorities in the Alfa Group's historic telecoms shareholding structure.

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