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Articles tagged with: Farimex and Altimo
Vimpelcom and Kyivstar Reported to be in Merger Talks
The long-running feud between Telenor and Russia's Alfa Group may be nearing a conclusion after it was reported that the two companies are again considering merging VimpelCom and Ukraine's Kyivstar. Two executives close to the companies told Vedomosti that the deal envisions Alfa's telecoms arm, Altimo and Telenor each receiving a 40 percent stake of the merged company, with the additional shares going to various VimpelCom minority shareholders more
Related Tags: telenor, vimplecom, kyivstar, beeline-, partner, storm, Ukraine
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, alfa-group, new-york, Russia
Farimex Launches Attack Against Telenor in Ukraine
According to a statement from Telenor, farimex, reputed to be attacking Telenor's investments in the Russian mobile operator VimpelCom, is also behind an investigation launched by the Anti-Monopoly Committee of Ukraine (AMC) against Telenor and Kyivstar. Telenor says that it was officially notified of the commenced investigation earlier this month. more
Related Tags: telenor, vimplecom, kyivstar, beeline-, vimpelcom, storm, Ukraine
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, alfa-group, vimpelcom, kyivstar, storm, new-york, Russia
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: alfa, telenor, vimpelcom, 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, alfa-group, vimpelcom, new-york, Russia