Alfa Group’s telecommunications company Altimo and Norway’s Telenor announced the end of their five-year battle over corporate governance issues related to their holdings in Russian and Ukrainian telecoms providers VimpelCom and Kyivstar. Telenor’s stake in VimpelCom has been under threat of seizure to enforce a Siberian court’s controversial $1.7 judgment for a 0.0002% shareholder in VimpelCom that challenged Telenor’s opposition to VimpelCom’s entry into the Ukrainian market. Altimo and Telenor will create a jointly owned mobile operator, Vimpelcom Ltd., to operate in Russia, Ukraine, six other former Soviet countries, and Vietnam, Laos, and Cambodia.
http://www.nytimes.com/2009/10/06/technology/companies/06telenor.html?dbk
http://10.vedomosti.ru/companies/print/2009/10/05/852570
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