Saturday, November 12, 2005
URS/Vimpelcom: Telenor disappointed over USD 231m deal
Story: Telenor, the Norwegian telecoms operator, is disappointed that the USD 231m sale of Ukrainian Radio Systems (URS WellCom) to Vimpelcom has concluded, the company said.
We are disappointed but not overly surprised, a company spokesman was stated as saying in a company press release.
Telenor, which held 26.6% of VimpelCom, was opposed to the acquisition of the Ukrainian mobile operator, because it did not see it as a profitable investment.
The other main VimpelCom shareholder, Russia’s Alfa Group, which holds 32.9%, was in favour of the sale.
Source: Company press release(s)
Value: USD 231m (Reported consideration)
