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Articles tagged with: Alfa and Altimo
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, alfa-group, vimpelcom, farimex, kyivstar, storm, new-york, Russia
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, alfa-group, kyivstar, seven, storm, new-york
Telenor strongly rejects Russian arrest in VimpelCom shares
Telenor on Monday learned, through a press release said to be issued by Farimex Products, of a decision in a Siberian appeals court in Omsk purporting to arrest Telenor and Altimo's shares in VimpelCom. more
Related Tags: telenor, vimpelcom, farimex, Russia
Russia's Altimo Expresses Interest in Nigerian Network Operator
Russia's Altimo is reported to be interested in taking a stake in Nigerian operator, M-Tel/NITEL. Altimo's Chief Executive Officer, Mr Alexey Kousmichoff is currently on a visit to Nigeria's Vice-President. Vice President, Goodluck Ebele Jonathan, yesterday assured Nigerians of Federal Government's determination to ensure that the interest of Nigerians is protected in the privatisation of M-tel/NITEL. more
Related Tags: teliasonera, telenor, vimpelcom, nitel, Nigeria
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, new-york, Russia
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, Russia
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, Russia
Telenor Invites Altimo To Make Peace Over Ukraine Assets
MOSCOW -(Dow Jones)- Norway's Telenor hopes that its move to resolve a dispute at Russian mobile phone operator VimpelCom will help settle a similar dispute with estranged business partner Altimo at their Kyivstar joint venture, a Telenor spokeswoman said Wednesday. more
Related Tags: telenor, vimpelcom, kyivstar, new-york, Ukraine
Vimpelcom: Altimo Can Now Elect Fourth Board Member
MOSCOW -(Dow Jones)- Altimo, the telecommunications holding of Russian private equity group alfa Group, can now appoint a fourth member to the board of mobile phone operator Vimpel Communications, a Vimpelcom spokeswoman told Dow Jones Newswires Wednesday. more
Related Tags: telenor, vimpelcom
Telenor Files Insider Trading Lawsuit Against Russia's Alfa
MOSCOW -(Dow Jones)- Norwegian telecoms operator Telenor Thursday said it had filed a suit accusing Russian conglomerate alfa Group of insider trading in shares of Russian mobile firm VimpelCom. more
Related Tags: telenor, alfa-group, vimpelcom