VimpelCom

Alisher UsmanovYou might have thought that after the battle of the billionaires at Norilsk Nickel, Russia’s oligarchs might try to steer clear of each other in the boardroom for a while.

Not Alisher Usmanov (above left). On Friday, Megafon, the phone company he controls, finalised a $1.1bn deal to buy half the largest handset retailer Euroset.

The other half Mikhail Fridmanwill belong to rival operator VimpelCom, where the biggest shareholder is fellow billionaire Mikhail Fridman (below left). Read more