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
New rules for the EU's single market will make it easier to live and do business anywhere in Europe.
more »
MEPs were disappointed that the Commission's EU budget review document had not sought the radical revision that the EU needs, they told Budgets Commissioner Janusz Lewandowski in a Policy Challenges Committee debate on Thursday.
more »
On 25 October, the Commission adopted the decision to financially support the 2011 electoral process in the Central African Republic.
more »
New EU framework for crisis management in the financial sector for managing problems before they spiral out of control.
more »
The financial crisis laid bare the limits of self-regulation, demonstrating the need for strong EU economic governance, surveillance and policy co-ordination, say two non-legislative resolutions voted by Parliament on Wednesday.
more »
The European Commission has approved an application from Germany for assistance from the European Globalisation adjustment Fund (EGF).
more »
Global and EU- level taxes on financial sector would help to fund international challenges such as development or climate change and fix the fallout from the global economic crisis.
more »
The European Investment Bank and African Development Bank today agreed to provide EUR 45m to design, build and operate onshore wind farms on four islands in the Cape Verde archipelago.
more »
MEPs want future EU budgets to accommodate new policy priorities as well as negotiations on new sources of financing.
more »
The European Parliament's Budgets Committee on Monday backed EU funding for 3,731 workers in Portugal, the Netherlands, Spain and Denmark who were made redundant due to the closure of their companies.
more »