Articles tagged with: Farimex and Alfa Group

Russian Bailiffs to Sell Telenor's Stake in VimpelCom

Russian bailiffs have passed an order to auction off Telenor's shares in Russian mobile network operator, VimpelCom to cover a disputed US$1.7 billion fine. Responding to the news, Telenor said that it has not received any other information from the Bailiff's office than what has been posted on the Bailiff's home page.  more

Related Tags: vimpelcom, telenor, altimo, new-york, 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, alfa, telenor, moscow, turkcell, vimpelcom, kyivstar, altimo, storm, new-york, 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: alfa, telenor, vimpelcom, altimo, new-york, Russia