Timeturns Holdings

In April, 2011 it became known that, owners of the Cyprian Timeturns Holdings which is busied in the telecommunication markets of developing countries is the deputy of the Moscow City Duma from United Russia Alexander Milyavsky and the businesswoman from Nepal Samatha Prasad. Told a source in one of the Russian cellular companies about this CNews.

Assets

Telecommunications

• The Cambodian mobile operator - Latelz Co

• The holding created cellular networks of the GSM standard in Burundi (Lacell in the range of 1800 MHz) and in Uganda - Suretelecom.

• Also in an asset of holding are registered the GSM licensee of Yozma Timeturns from the Democratic Republic of the Congo and the Intergroup Telecom company owning in Syera-Leon frequencies in the ranges of 900/1800 MHz for the GSM standard in the range of 2.1 GHz for UMTS and also frequencies for WiMAX.

• Besides, in Tanzania Timeturns owns the Benson Online company providing mobile services in CDMA-450 standard (the network supports Ev-Do technology) and also wire and wireless Internet access.

Development

• The main asset of holding is "The Rubin Moscow Television Plant (MTP) (April, 2011 is specified as an asset on the website Timeturns), which president before leaving in policy in 2005 was Milyavsky. According to the report of MTZ "Rubin", for April, 2011 its shareholders through Redvest company are Milyavskogo Zhanna's mother (41.78%) and Samata Prasad (38.6%).

In Soviet period the plant was engaged in assembly of TVs, in 1995 a part of squares of Rubin were transferred to the Gorbushkin Dvor shopping complex where some dealers from the nearby market of electronics and audio-video of the Gorubshka equipment passed. In 2001 the Government of Moscow made the decision on market closing, and Alexander Milyavsky suggested all dealers in Gorubshki to move in Gorbushkin of the yard. It provoked the conflict with the owner of Gorubshka Garegin Grigoryan who as a result could receive a part of squares of Rubin for leasing under outlets. For April, 2011 MTZ "Rubin" completely switched to developer projects: the company builds the business center Rubin, the housing complex "Vest of Pollacks", a cultural entertainment complex of "Ekstrakt-Fili" and hotel business center.

• Timeturns has assets in the field of development and in Belarus: according to the website of holding, it owns the Minsk residential district "Friendship", business center "Rubin — the Plaza" and BSK Engineering construction company.

• Besides, Timeturns owns the Belarusian machine-building holding "Amkodor" and a mionritarny share in the Belarusian branch of Alfa-Bank (links to information on not telecommunication projects of Timeturns were deleted from the website of holding, but pages remained are available). Presence at Timeturns of business interests in Belarus can speak as those that Alexander Milyavsky is a native of Minsk, and that the former head of Administration of the President of the republic Urals Latypov is the CEO of Direkt management - the MTZ "Rubin" management company.

History

Timeturns Holdings is created in 2007.

Timeturns began the activity in telecommunications with Nepal, having created the country's first non-state mobile operator Spice Nepal with GSM frequencies in the ranges of 900/1800 MHz. The controlling stake of the operator belonged to other investor from the former USSR — the Kazakh Visor Holding. In 2008 Visor for $488 million sold the Swedish-Finnish TeliaSonera of 51% of the shares TeliaSonera Asia Holding owning in 80% of the stocks Spice Nepal and 100% of stocks of the Cambodian mobile operator Aplifone. At the end of 2010 TelaSonera acquired at Visor another 24.45% of shares for $160 million.

At the same time TeliaSonera, having considered weak the positions in the Cambodian market, made the decision to transfer Aplifone to other local mobile operator - Latelz Co (has frequencies for GSM-1800 and UMTS). Its owner is Timeturns Holdings which after merge shared with TeliaSonera of 25% of the stocks Latelz Co.

In Southeast Asia Timeturns also obtained the license in Laos, but about start the network in this country of messages was not.

For the first time in public field Timeturns Holdings it was stated in 2009 in Cambodia: then the Minister of Communications of the republic With Hoon called Timeturns the Russian company. The CEO of holding, Lebanese Ghassan Mouhaweje confirmed information on the Russian roots of the company, but who specifically is shareholders, did not open.

Milyavsky is the large sponsor of United Russia who offered in 2009 for needs of a batch of 43 million rubles.

"Alexander Borisovich is the deputy of the Moscow City Duma, -^[1] reminded CNews] Alexander Milyavsky's press secretary Anton Mikhaylov^[1] in response to a question of Timeturns. - All data are specified in the income statement, no other comments will exist".

Notes