TeliaSonera's Russian associated company plagued by ownership dispute
Published:
24 September 2003 y., Wednesday
Russian mobile operator MegaFon, of which TeliaSonera owns 44 percent, is the subject of an ownership dispute. The company's ownership questions will soon be discussed in court. The battle between mobile operators for the control of the rapidly growing Russian mobile market can be found behind the dispute.
The disagreement concerns a holding of 25 percent in MegaFon. Investment company IPOC Capital Partners, which is registered in Bermuda, and Russian company Alfa are arguing over who holds this quarter in the operator. IPOC already owns 6.5 percent of MegaFon shares.
According to representatives of IPOC, it purchased a quarter of MegaFon from the Russian investment bank LV Finance through an agreement that was signed in April 2001. IPOC head Roland Bopp stated at a press conference in London on Thursday that the last instalment of 16 million dollars was paid to LV Finance in July this year.
At Russian company Alfa, the situation is viewed quite differently. Alfa announced in August that it has acquired LV Finance, and thus also acquired the holding of one quarter in MegaFon.
Šaltinis:
helsinki-hs.net
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Today, the Commission published a Communication which outlines the most serious tax problems that EU citizens face in cross-border situations and announces plans for solutions.
more »
The European Commission has opened a formal investigation under EU state aid rules to examine a number of support measures, including several capital injections and shareholder loans, that the Hungarian authorities granted to Malév-Hungarian Airlines in the context of its privatisation and subsequent renationalisation.
more »
Internet and lax customs enforcement drive growth of 600 billion US dollar counterfeit goods industry.
more »
350 million people rose out of poverty in the past decade, but 1.4 billion are still extremely poor, says the latest report into rural poverty.
more »
New plan sets out action to reach 75% employment target for the EU by 2020.
more »
Research Ministers of the EU Member States and Associated Countries, together with the European Commission, are announcing in Brussels today three new pan–European energy research infrastructures.
more »
Algirdas Šemeta, Commissioner for Taxation, Customs, Audit and Anti-fraud, is visiting Moscow today to discuss ways in which customs cooperation between the EU and Russia can be reinforced.
more »
Following on from Monday's debate with ECB President Jean-Claude Trichet, MEPs on Tuesday adopted a resolution, by a show of hands, gauging the ECB's performance in 2009 and suggesting actions to be taken in view of the economic situation.
more »
The European Parliament today approved €10.5 million in European Globalisation Adjustment Fund aid to over 3,000 people in the Netherlands who lost their printing and publishing sector jobs last year, due to the economic crisis.
more »
A diamond-studded gold coin engraved with a picture of the Taj Mahal and worth 100,000 euros is unveiled at the Paris mint.
more »