Telenor & Alfa shareholders agree on Vimpelcom-Kyivstar JV

www.WirelessFederation.com/news: Telenor and the Alfa Group’s shareholders have been offered by the firm to consolidate their Ukraine and Russian mobile operations, four months after ending their bitter dispute over Vimpelcom.
Approval of the minority shareholders has been seeked by the companies on the long-delayed merger between Russian-based Vimpelcom and Ukraine operator Kyivstar.

The proposed merger was finally cleared by the Russian regulators last week which would create a $23 billion (€16.81 billion) company with around 88 million subscribers, and annual revenues of $12.6 billion. Through this deal, Russia’s third-largest carrier Megafon will be merged with Turkish carrier Turkcell in a 50:50 JV.

However, concerns are raised that the deal would leave Alfa in too dominant a position.