A PYMNTS Company

Russia: FAS approving of Telenor/Altimo split share in Vimpelcom

By  |  November 5, 2012

The Federal Antimonopolization Service of Russia is looking to send a positive message towards the Government Commission on Foreign Investments in regards to Telenor’s efforts to have equal stake in Vimpelcom with Altimo. Telenor and Altimo would buy and split 6 percent of a stake of Vimpelcom that is currently owned by Bertofan, eliminating Telenor’s dominant stake in Vimpelcom. FAS had previously brought a lawsuit against Telenor to contest the company’s majority stake in Vimpelcom.

    Get the Full Story

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

    yesSubscribe 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: Reuters

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