Telenor receives backing for VimpelCom share plan - Mobile World Live

Telenor receives backing for VimpelCom share plan

04 OCT 2012

Russia’s antitrust regulator has backed a plan for Telenor and co-investor Altimo to equalise their stakes in Russian operator group VimpelCom, reports Reuters. The Federal Anti-Monopoly Service (FAS) said it supports the plan for the companies to jointly purchase a 6 percent stake owned by investment firm Bertofan and split it to give them an equal stake. Equal ownership is seen as a key condition for the settlement of a lawsuit brought by the FAS contesting Telenor’s dominant position with VimpelCom.

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Tim Ferguson

Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter... More

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