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Articles tagged with: Turkcell and Altimo
Megafon and Turkcell to be Merged into Single Holding Company
There is to be further tidying up of the often complex Russian-Nordic telecoms investments, after TeliaSonera and Altimo agreed to merge their respective direct and indirect interests in turkcell and Megafon, into a new company. The new company will be established in a western jurisdiction and listed on the New York Stock Exchange. more
Related Tags: teliasonera, megafon, new-york, Russia
Court Orders Sale of Turkcell Stake to TeliaSonera for $3.1 Billion
TeliaSonera has won a legal ruling forcing Turkish holding company, Cukurova to sell its stake in turkcell Holding to TeliaSonera for a cash consideration of US$3.1 billion. TeliaSonera says that it now intends to enforce the award against Cukurova in Turkey. If the shares are not delivered, TeliaSonera will demand damages from Cukurova in the amount of US$1.8 billion, which is the value for TeliaSonera of a lost transaction as determined by the arbitration tribunal. more
Related Tags: teliasonera, cukurova, Turkey
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, alfa-group, vimpelcom, farimex, kyivstar, storm, new-york, Russia
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: alfa, telenor, alfa-group, kyivstar, seven, storm, new-york
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, alfa-group, cukurova
Regulator seeks Alfa mandatory offer for Turkcell shrs
ISTANBUL, Feb 19 (Dow Jones) -- Turkey's capital markets regulator, the SPK, has called on Russian company Alfa Group to hold a mandatory tender offer to buy out minority shares in turkcell Iletisim Hizmetleri, the Ihlas News Agency, or IHA, reported Monday. more
Related Tags: megafon, teliasonera, alfa, alfa-group, cukurova
FOCUS: Russian operators find expansion success in CIS
MOSCOW, July 24 (Prime-Tass) -- Nearly five years have passed since Russian mobile operators began to expand beyond the domestic market and operators have made great strides in the countries of the Commonwealth of Independent States (CIS). In the meantime they all failed to have made any non-CIS acquisitions. more
Related Tags: etisalat, megafon, teliasonera, alfa, sistema, mts, comstar, moscow, gsm-license, tele2, ote, fintur-holdings, emirates
Proposal to swap Turkcell stake with Telekom Austria
MOSCOW, July 21 (Prime-Tass) -- London-based Pamplona Capital Management investment company has sent a letter to Altimo, the telecommunications arm of Russia's Alfa Group, proposing Altimo swap its stakes in VimpelCom and turkcell for a non-controlling stake in Telekom Austria, Biznes business daily reported Friday. more
Related Tags: alfa, alfa-group
Turkey's turkcell has announced that the CEO of the Company, Muzaffer Akpinar has resigned from his CEO position. With regard to the Company's international operations, he will continue with his board membership duties, which are related to the investments in Ukraine, and at Fintur Holdings, as well as at the GSMA Association. The Company's Board of Directors shall appoint the new CEO at the next Board Meeting. more
Related Tags: teliasonera, gsm-license, cukurova, gsma
Alfa Group Expects Telsim Sale Price To Be Too High-Executive
MOSCOW -(Dow Jones)- The head of Alfa Group's telecommunications branch, Altimo, said Wednesday he expects the sale price of Turkey's Telsim Mobil Telekomunikasyon to be too high. more