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Articles tagged with: Alfa
Another Delay to Lebanon's Mobile Network Privatisation
Lebanon's Telecommunication Minister, Jebran Bassil has confirmed that he plans to reduce call charges on the two GSM networks in the country prior to a long planned and often delayed privatisation. The two networks are owned by the government, but operated by MTC Touch and alfa on its behalf. more
Related Tags: zain, mtc-touch, jebran-bassil, libancell, tax, Lebanon
Telenor Takes Action to Stop Russian $3.8 Billion Lawsuit
Telenor says that it has requested the US Federal District Court in New York to stop Farimex from pursuing a lawsuit against Telenor in Khanty-Mansiysk in Russia. On Friday, 20 June, Telenor filed a lawsuit against alfa Group affiliates Farimex Products, Altimo Holdings & Investments and Eco Telecom, requesting the Court to compel Farimex to arbitrate its claim in an arbitration proceeding commenced by Eco Telecom in March 2008. more
Related Tags: telenor, alfa-group, vimpelcom, farimex, altimo, new-york, Russia
Mexican Phone Co Axtel Eyeing Alestra Acquisition - JP Morgan
MEXICO CITY -(Dow Jones)- Mexican fixed-line and WiMAX operator, Axtel is looking at buying long distance and corporate communications provider Alestra SA in what would be its second large deal in less than two years, according to JP Morgan Securities. more
Related Tags: wireless-broadband, cofetel, Mexico
Another Delay for Lebanon's Mobile Network Privatisations
The Lebanese government is thought to be planning to delay the privatisation of its two GSM networks - again. The sale of the two networks is expected to commence this month, but a report by the Middle East Business Intelligence says that the two companies managing the networks on behalf of the government have just had their concessions extended until the end of this year. more
Related Tags: zain, libancell, Lebanon
Cukurova Sells Turkcell Stake to Repay Debts
Turkey's Cukurova has sold a 4.1 percent stake in Tueky's Turkcell for US$772 million in order to fund the repayment of debts. TeliaSonera, which is a major shareholder in Turkcell is understood to have offered to buy the shares, but has not currently been allocated any. The purchase would move TeliaSonera closer to its long held goal of taking control of Turkey's largest mobile operator. more
Related Tags: teliasonera, turkcell, sonera, cukurova, Turkey
Telenor Sued for $1 Billion by Russia's Altimo
Russia's Altimo has filed - via a subsidiary - a claim against Norway's Telenor for US$1 billion in damages with an international arbitration tribunal in Geneva. This claim is for alleged breached by Telenor of a Shareholders Agreement relating to Russian mobile company VimpelCom signed by Eco and Telenor to ensure fair and effective management of the assets of VimpelCom. more
Related Tags: telenor, vimpelcom, altimo, Russia
Cukurova in Violation of the Turkcell Shareholder Deal
An arbitration tribunal of the International Chamber of Commerce in Vienna has issued an award finding that Turkey's Cukurova has violated certain share transfer restrictions in the shareholders' agreement between Cukurova and TeliaSonera relating to Turkcell Holding. more
Related Tags: teliasonera, turkcell, cukurova, Turkey
Altimo CEO Won't Stand in Way of Megafon IPO
Russian investment company Altimo won't stand in the way if mobile operator Megafon decides to launch an initial public offering in 2009, said Altimo Chief Executive Alexey Reznikovich. more
Related Tags: megafon, teliasonera, telenor, ipo, vimpelcom, vodafone-group, asa, altimo, Russia
Moody's Upgrades MegaFon Debt Ratings
Moody's Investors Service has upgraded the corporate family debt rating of Russia's MegaFon to Ba2 from Ba3. Concurrently, Moody's upgraded the existing US$375 million senior notes to Ba2 from Ba3. The probability of default rating was also upgraded to Ba2. The outlook on the ratings is stable. more
Related Tags: 3g-license, megafon, arpu, alfa-group, Russia
VimpleCom Boss Owns Sweden's Most Expensive Home in 2007
The CEO of Russia's mobile network operator VimpelCom, Alexander Izosimov has become the owner of the most expensive home sold in 2007, according to a housing report from Svenska Dagbladet. He is reported to have paid a shade under US$7 million for the detached home in Stockholm's Djursholm district. more
Related Tags: telenor, alfa-group, vimpelcom, Sweden