A PYMNTS Company

Norway/Russia: Federal antitrust agency’s conflict with Telenor

By  |  September 25, 2012
Norway/Russia: Federal antitrust agency’s conflict with Telenor

The conflict between the federal antitrust authority and the Norwegian Telenor over its interest in VimpelCom Ltd, controls the major Russian telecommunications provider VimpelCom, is not likely to be resolved before the end of September. In February, Telenor acquired shares in VimpelCom from Weather Investments II, controlled by Egyptian businessman Naguib Sawiris, and increased its voting stake in the holding company first from 25.01 to 36 percent, and then to 39.5 percent. The watchdog challenged the transaction, and said the only way to resolve the conflict would be to distribute the shares in the company equally among the Russian and foreign shareholders. 

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: RapisNews

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.