Monday, August 20, 2012

FAS still not ready to withdraw Telenor case

Russia’s Federal Antimonopoly Service (FAS) has said it is not ready to withdraw its case against Norwegian telecoms giant Telenor, regarding its controversial stake increase in Amsterdam-based group Vimpelcom, Bloomberg reports. Russian billionaire Mikhail Fridman’s Altimo vehicle, which currently owns a 40.5% stake in Vimpelcom Group, complained to the FAS, after Telenor bought an 11.3% stake in the firm from Egyptian billionaire Naquib Sawiris’s Weather Investments II in February 2012


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OVETEL FAS still not ready to withdraw Telenor case

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