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Articles tagged with: Alfa Group and Kyivstar
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, partner, fitch, 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, altimo, storm, new-york, Russia
Telenor Ratings Downgraded to Negative Outlook on Indian Financing Woes
Fitch Ratings has revised Norway-based telecommunications provider Telenor's Outlook to Negative from Stable. At the same time the agency has affirmed Telenor's Long-term Issuer Default (IDR) and senior unsecured rating at 'BBB+' and affirmed the Short-term IDR at 'F2'. more
Related Tags: arpu, fitch-ratings, capex, alfa, telenor, vimpelcom, fitch, Norway
US Federal Court Grants Telenor Motion, Holds Altimo in Contempt,
The US Federal Court for the Southern District of New York on 19 November granted Telenor's motion requesting that Alfa Group companies Altimo, Alpren, Hardlake and Storm be held in contempt of court for their failure to obey a November 2, 2007 court order upholding Telenor's arbitration award against Alfa Group subsidiary Storm. more
Related Tags: alfa, telenor, turkcell, seven, altimo, storm, new-york
Telenor and Alfa Group Nearing a Solution to their Long-Running Disputes
Norway's Telenor and Russia's Alfa Group are reported to be close to agreeing an asset swap which will finally conclude their long running legal and commercial battles. According to The Moscow Times, Alfa will hand over its entire 43.5 percent stake in Ukraine's Kyivstar to Telenor - in exchange for twelve percent of the voting shares in Russian operator, Vimplecom. more
Related Tags: alfa, telenor, moscow, vimplecom, vimpelcom, Russia
Telenor CFO: Alfa Group Fails To Pay For Arbitration In US
STOCKHOLM -(Dow Jones)- A U.S. arbitration ruling relating to alleged violations by Russia's Alfa Group of a shareholder's agreement in Kyivstar is delayed as Alfa Group hasn't paid their bill, said Telenor's Chief Financial Officer Trond Westlie at a press conference Tuesday. more
Related Tags: alfa, telenor, chief-financial-officer
Swedish Government Minister to Meet Alfa Group's Fridman
STOCKHOLM -(Dow Jones)- Russian holding company Alfa Group's controlling shareholder Mikhail Fridman and Sweden's Financial Markets Minister Mats Odell will meet for the first time this week, but no formal talks on the future of Swedish telecommunications operator TeliaSonera are on the agenda, a spokeswoman for Odell said Monday. more
Related Tags: megafon, teliasonera, alfa, dell, turkcell
Source says Alfa, TeliaSonera talks on asset swap breakdown"
MOSCOW, Mar 30 (Prime-Tass) -- Talks between Altimo, the telecommunications arm of Russian industrial and financial holding Alfa Group, and Finnish-Swedish telecommunications operator TeliaSonera on a possible asset swap have broken down amid several disagreements, a source close to the negotiations said, Vedomosti business daily reported Friday. more
Related Tags: megafon, teliasonera, alfa, telenor, altimo
Telenor Ups Pressure on Ukraine Operator Dispute
Following the ongoing shareholder dispute at the Ukrainian operator, Kyivstar - Telenor announced yesterday that it will deconsolidate Kyivstar and to present Telenor's interests in the company in one line, as an investment in the 2006 Annual Report. Telenor owns 56.5% of Kyivstar, and will still own the stake - it is just changing how it accounts for the stake in its financial statements. more
Related Tags: alfa, telenor, vimplecom, storm
Altimo takes $1.5 bln loan for mobile projects in Eurasia
MOSCOW, Mar 14 (Prime-Tass) -- Altimo, the telecommunications arm of Russian industrial and financial holding Alfa Group, has taken out a US$1.5 billion 2-year loan from Deutsche Bank to develop its mobile projects in Eurasia, the company said in a statement Wednesday. more
Related Tags: megafon, alfa, altimo