Support The Moscow Times!

Armed Men Escort Marshal Into Telenor Office

A court marshal accompanied by about 15 armed men in uniform visited? Telenor 's? Moscow ? office Friday to hand over a request for information, the Norwegian group said.

"We consider it an effort to pressure? Telenor ? during the continued dispute between VimpelCom shareholders," a spokeswoman said, adding that such requests are typically sent by mail.

The information requested was regarding whether? Telenor ? will exercise an option to buy an additional 3.5 percent stake in VimpelCom from Egyptian tycoon Naguib Sawiris ' holding company Weather.

The Federal Anti-Monopoly Service ? brought a lawsuit against? Telenor ? earlier this year in which it alleged that a purchase of VimpelCom shares that? Telenor made in February violated the Strategic Investment Act.

In February,? Telenor ? raised its voting stake in VimpelCom to 36.3 percent from 25 percent after buying shares from Weather.? Telenor ? increased its stake further, to 39.51 percent, in April.

RIA -Novosti reported that the head of the monopoly watchdog,? Igor Artemyev , said Wednesday that a resolution was needed by Oct. 1, the expiration date of an option under which? Telenor ? may buy the extra shares.

The marshal's office was not available to comment.

Related articles:

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more