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Articles tagged with: Alfa and Vimpelcom
Moscow Court Delays VimpelCom-Telenor Legal Decision
Moscow's Arbitration Court has announced a delay to its ruling on whether to block the seizure of Telenor's 29.9% stake in Russian telecoms operator, VimpelCom. The hearing is now due on 30th April, and for the first time, the judge has required that VimpelCom send representatives to the court. more
Related Tags: , eu, tim, telenor, moscow, farimex, kyivstar, siberia, court, virgin, Russia
Russian Court Refuses to Delay Vimpelcom Shares Seizure
A court in Russia has refused to delay the seizure of the 29.9 percent stake in local telco, Vimpelcom that is owned by Norway's Telenor. Earlier this month, a Russian bailiff working with Farimex, an obscure firm with just 0.002 percent stake in Vimpelcom had arrested Telenor's shares in Vimpelcom by serving an arrest order on the National Registry Company, Vimpelcom's Moscow share registrar. more
Related Tags: ict, itu, telenor, moscow, farimex, court, virgin, Russia
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, farimex, kyivstar, altimo, storm, new-york, court, 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, telenor, alfa-group, kyivstar, fitch, unitech, Norway
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, farimex, altimo, court, Russia
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, alfa-group, 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: alfa-group, federal-anti-monopoly-service, yevroset, 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, nitel, altimo, 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, farimex, altimo, new-york, lawsuit, geneva, 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, altimo, Russia
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