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Articles tagged with: Alfa and Turkcell
Russia's Altimo Wins Legal Fight for Turkcell Shares
Russia's alfa says that it has won a long running legal fight over the ownership of shares in Turkish mobile network, Turkcell. The Court of Appeal of the Eastern Caribbean Supreme Court ruled that alfa validly appropriated shares held by Turkish conglomerate, Cukurova, in Turkcell following a number of defaults committed by Cukurova Group under the loan agreement extended by alfa to Cukurova Group in November 2005. more
Related Tags: altimo, cukurova, caribbean, virgin, Turkey
Turkcell to Start Mobile Wallet Trials - Chairman Worried About Shareholding
Turkey's Turkcell is planning to launch a Mobile Wallet service before the end of next year, said Altuğ Acar, Turkcell's head of business development. more
Related Tags: sonera, cukurova, smart, smart-card, cukurova, planning, mobile-wallet, international-chamber-of-commerce, geneva
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, alfa-group, 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-group, fitch, presence, Sweden
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, alfa-group, kyivstar, seven, altimo, storm, new-york, court
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, sonera, cukurova, cukurova, international-chamber-of-commerce, geneva, Turkey
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, cukurova, cukurova, vienna, telia, international-chamber-of-commerce, geneva, cukurova-holding, Turkey
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, dell, alfa-group, kyivstar, 3-mobile
TeliaSonera Keeping an Eye on Cukurova's Turkcell Stake
STOCKHOLM -(Dow Jones)- Swedish telecommunications operator TeliaSonera is monitoring developments relating to Turkish holding company Cukurova's stake in mobile operator Turkcell closely, said TeliaSonera spokesman Ola Kallemur Tuesday. more
Related Tags: megafon, teliasonera, alfa-group, cukurova, altimo, geneva
TeliaSonera exec says asset swap with Alfa not justified
MOSCOW, Feb 27 (Prime-Tass) -- A possible swap of telecommunications assets between Russian industrial and financial holding alfa Group and Finnish-Swedish telecommunications operator TeliaSonera is not justified at this time, TeliaSonera's Chairman Tom von Weymarn told Swedish newspaper Dagens Nyheter, Russian business daily Vedomosti reported Tuesday. more
Related Tags: megafon, teliasonera, alfa-group, kyivstar
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