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Articles tagged with: Alfa and Alfa Group
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, 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, turkcell, fitch, presence, Sweden
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, telenor, vimpelcom, kyivstar, fitch, unitech, 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: telenor, turkcell, kyivstar, seven, altimo, storm, new-york, court
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: telenor, moscow, vimplecom, vimpelcom, kyivstar, lawsuit, siberia, geneva, Russia
VimpelCom in Talks to Buy Minority Stake in Phone Retailer
Russian mobile operator, VimpelCom has confirmed that the company is in talks to take a large minority stake in Yevroset (Euroset) - just weeks after it was sold by its founders to Russian billionaire, Alexander Mamut. more
Related Tags: vimpelcom, federal-anti-monopoly-service, yevroset, Russia
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, vimpelcom, farimex, altimo, new-york, lawsuit, geneva, 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, 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, vimpelcom, alexander-izosimov, Sweden
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: telenor, kyivstar, chief-financial-officer
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