|
|
Article: Corporate Strategy: Company Profile - Unshaken intentions.(Company overview)
- Article from:
- Foreign Direct Investment
- Article date:
- October 1, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Ginanne Brownell
Telenor has finally settled its protracted legal battle in the Russian courts over its shares in Russian mobile company VimpelCom.
In early October, Telenor, the world's seventh largest telecoms company with 168 million mobile subscribers in 13 countries, and its Russian partner Alfa Group, agreed to merge their Ukrainian and Russian holdings. The deal will combine Russia's number two mobile company, VimpelCom, with Ukraine's Kyivstar, creating a company worth $23bn.
But before anyone breaks out in a Kozachok dance for joy over the settlement expected to be closed by the end of the second quarter next year both ...