Friday, September 02, 2005
Telenor-Alfa Suit Delayed
Business in Brief: "Telenor-Alfa Suit Delayed
A U.S. court has postponed a suit by Norway's Telenor to deny voting rights to Alfa Group at a meeting of their jointly held telecoms firm VimpelCom, a source close to Alfa shareholders said on Thursday.
Alfa and Telenor have long been at odds over Alfa's desire for Russian-based cell phone firm VimpelCom to expand into the fast-growing Ukrainian market, and the extraordinary shareholders meeting set for Sept. 14 will discuss Alfa's plan for VimpelCom to purchase Ukrainian RadioSystems.
Telenor has accused Alfa of making misleading statements in its proposal for VimpelCom, in which they are both minority shareholders, to buy URS, a small mobile phone company. (Reuters)"
A U.S. court has postponed a suit by Norway's Telenor to deny voting rights to Alfa Group at a meeting of their jointly held telecoms firm VimpelCom, a source close to Alfa shareholders said on Thursday.
Alfa and Telenor have long been at odds over Alfa's desire for Russian-based cell phone firm VimpelCom to expand into the fast-growing Ukrainian market, and the extraordinary shareholders meeting set for Sept. 14 will discuss Alfa's plan for VimpelCom to purchase Ukrainian RadioSystems.
Telenor has accused Alfa of making misleading statements in its proposal for VimpelCom, in which they are both minority shareholders, to buy URS, a small mobile phone company. (Reuters)"
