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Articles tagged with: Farimex and Telenor
Farimex Drops $1.7 Billion Lawsuit Against Telenor
Telenor has announced that the mysterious company, farimex Products has dropped its long winded US$1.7 billion lawsuit against the company over its Russian investments. At a hearing in a Siberian court, farimex filed a motion withdrawing its claim against Telenor East Invest and the other defendants. The court accepted that motion and issued a ruling cancelling the Omsk court's ruling and terminating all proceedings in the case. more
Related Tags: lawsuit, court, virgin, Russia
Another Delay to Telenor's $1.7 Billion Russian Lawsuit
Telenor has announced that the court battle over a US$1.73 billion lawsuit in Russia has been delayed for the fourth time. Telenor has been appealing against the fine imposed following a court case won by a mystery company known as farimex Products. more
Related Tags: lawsuit, court, virgin, -telenor, Russia
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: vimplecom, kyivstar, beeline-, partner, altimo, storm, court, 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, alfa-group, altimo, new-york, court, auction, 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: vimplecom, kyivstar, beeline-, vimpelcom, altimo, storm, court, virgin, amc, amc, Ukraine
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, alfa, moscow, vimpelcom, kyivstar, siberia, court, virgin, Russia
Telenor Served with $1.7 billion Demand by Norwegian Bailiff
Telenor has said that it has been officially served with a claim to pay US$1.7 billion to farimex Products following a controversial ruling by a Russian court. The claim was delivered by a Norwegian bailiff from Asker and Bærum District Court. Telenor is given five days to pay the sum voluntarily. more
Related Tags: ptc, eu, ict, tim, bankruptcy, vimpelcom, siberia, court, Norway
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, alfa, moscow, vimpelcom, 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, alfa, moscow, turkcell, alfa-group, vimpelcom, kyivstar, altimo, storm, new-york, court, Russia
Telenor Ordered to Pay $1.7 Billion in Damages by Russian Court
Norway's Telenor has said it will appeal today's decision of the Eighth Arbitrazh Appellate Court in Omsk, Russia - holding Telenor liable for approximately US$1.7 billion in damages. The Omsk court has heard from the start the claim by farimex Products, an obscure British Virgin Islands company, against Telenor, in which farimex alleged that Telenor's nominees on the VimpelCom Board delayed VimpelCom's acquisition of Ukrainian mobile operator Ukrainian Radio Systems (URS). more
Related Tags: eu, ict, vimpelcom, court, virgin, Russia
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