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As of 31 December 2013, LetterOne had $29 billion in assets underneath management. In December 2005 Altimo also acquired a 13.2% curiosity in Turkcell, the most important telecoms company in Turkey. Alfa Group consolidated its telecom holdings as Alfa Telecom, and in 2005 renamed it Altimo. Throughout the crisis, Alfa-Bank used its holdings associated to TNK to keep away from a debt default, and was one of the few Russian banks on the time to continue to permit buyer withdrawals. Finance Minister Adolfo de la Huerta signed a deal through which Mexico recognized a debt of $1.451 million to worldwide bankers. In August 2016 LetterOne invested $50 million in telecommunications begin-up FreedomPop, to assist finance its international expansion. In 1997, Fridman had collaborated with Len Blavatnik and Viktor Vekselberg to buy the state-owned TNK (Tyumen Oil Firm), an oil firm in Siberia, for $800 million. After the merger, TNK-BP grew to become the third largest oil producer in Russia, and certainly one of the highest 10 largest personal oil companies on the planet. The corporate grew to turn out to be considered one of the most important personal banks in Russia. On 3 March 2015, L1 Energy acquired the international oil and gas firm DEA from the German utility RWE for $7 billion (€5.1 billion).

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