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Articles tagged with: Alfa Group
Alfa Group Freezes Part of Stake in VimpelCom Pending Court Action
Russia's Alfa Group has agreed to reserve 2.7% of its 31.4% stake in VimpelCom against any further commercial deals, pending the settlement of a long running dispute in Kyrgyzstan. more
Related Tags: vimpelcom, bitel, sky-mobile, altimo, Kyrgyzstan
Alfa and Telenor to Maintain Agreement - For Now
Russia's Alfa Group and Norway's Telenor have agreed to maintain their shareholder pact as it stands until after an arbitration panel have issued a ruling on whether the plans to scrap it are legal. more
Related Tags: telenor, vimplecom, Russia
Russia's Altimo Blocked From Seizing Turkcell Shares
Turkey's Cukurova Group has won a legal action against Russia's Alfa Group after the Russian group tried to seize 14% of the Turkish mobile network operator, Turkcell. A court in the British Virgin Islands ruled that Russia's Alfa Group could not claim the shares in lieu of a US$1.35 billion debt which Cukurova had offered to pay off. more
Related Tags: cukurova, turkcell, altimo, court, virgin, Turkey
Ukraine to Review Kyivstar Merger
The Ukrainian Antimonopoly Committee has decided to review the planned merger of Russia's alfa-group and Telenor's mobile network investments in the country, citing concerns over market share and radio spectrum allocation. The Committee was reviewing an earlier approval for the merger following subsequent complaints from rival network, Astelit (trades as "life"). more
Related Tags: telenor, kyivstar-, Ukraine
Alfa Group May Need to Reduce Telecom Investments
Russia's Competition Regulator says that he would like to see the Alfa Group sell off some of its telecoms assets to reduce its dominance in the home market. Alfa Group owns 44% of VimpelCom as well as 25% in Megafon. Plans by the two companies to settle long-standing shareholder disputes with overseas investors have drawn criticism as they tend to require the merged entities to be registered outside Russia. more
Related Tags: Russia
MegaFon Denies Interest in Buying VimpelCom Stake
Russia's 3rd largest mobile phone network, MegaFon has denied reports that it is looking to buy a 5% stake in its rival network, Vimpelcom. The company had been reported to have considered the purchase by Russian business daily, Kommersant - but a source told Reuters that the story was not true. more
Related Tags: vimpelcom, megafon, leonid-reiman, Russia
Russian Bailiffs to Sell Telenor's Stake in VimpelCom
Russian bailiffs have passed an order to auction off Telenor's shares in Russian mobile network operator, VimpelCom to cover a disputed US$1.7 billion fine. Responding to the news, Telenor said that it has not received any other information from the Bailiff's office than what has been posted on the Bailiff's home page. more
Related Tags: vimpelcom, telenor, farimex, altimo, new-york, court, auction, Russia
Fitch Affirms Telenor's IDR at 'BBB+'; Negative Outlook
Fitch Ratings has today affirmed the Norwegian incumbent telecoms operator Telenor's Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB+' and affirmed the Short-term IDR at 'F2'. The Outlook is Negative. more
Related Tags: fitch-ratings, telenor, unitech-wireless, vimpelcom, kyivstar, partner, fitch, target, Norway
Alfa Held in Contempt by US Court - Telenor's VimpelCom Shares Arrested in Russia
Telenor has issued a statement announcing that a US federal court in New York yesterday held four Alfa Group companies in contempt for the second time for their failure to comply with the court's orders confirming the Kyivstar arbitration award. Shortly after the hearing ended, Telenor heard rumours that a Russian bailiff acting on behalf of Farimex Product, had arrested all of Telenor's shares in Russian mobile operator VimpelCom. This was confirmed this morning. more
Related Tags: sim, eu, ict, alfa, telenor, moscow, turkcell, vimpelcom, farimex, kyivstar, altimo, storm, new-york, court, Russia
Fitch Upgrades TeliaSonera's Outlook to Stable
Fitch Ratings today revised Sweden-based TeliaSonera's Outlook to Stable from Negative. At the same time the agency has affirmed the Long-term Issuer Default rating (IDR) and senior unsecured rating at 'A-' (A minus). more
Related Tags: fitch-ratings, megafon, teliasonera, alfa, turkcell, fitch, presence, Sweden
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