Telenor is very near to an asset swap deal with its Russian investment partner and regular courtroom opponent Alfa Group, which would see Alfa receive a 5% stake in Telenor, media reported. This deal would also involve Alfa handing over its subsidiary Storm’s entire 43.5% stake in Ukraine’s mobile market leader Kyivstar to Telenor, which would in turn transfer around 12% of its 29.9% voting shares in Russian cellco Vimpelcom to Alfa; Kyivstar is currently majority controlled by Telenor, while Alfa is the dominant shareholder in Vimpelcom. 5% stake in telenor woulb be handed to Alfa’s telecoms arm Altimo by the Norwegian government. Presently it has 54% interest in the multinational fixed line, mobile and broadband operator.
Wireless Federation » Telenor on the brink of swap deal with Alfa (Norway, Ukraine)
Telenor on the brink of swap deal with Alfa (Norway, Ukraine)
- October 7th, 2008
- 1:13 pm
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