Support The Moscow Times!

Antitrust Upbeat on Telenor

Telenor's dispute with Russian authorities and Alfa Group may be settled at a meeting of the government commission for foreign investments in the second half of November, said Igor Artemyev, head of the Federal Anti-Monopoly Service, as cited by Interfax.

He said the meeting might be held on Nov. 21.

"We will bring this matter up with the commission, but I think that we have to try to find a resolution before the meeting," Artemyev said.

The antitrust agency is seeking to invalidate Telenor's recent purchase of a 3.48 percent stake in VimpelCom that increased the Norwegian company's stake to 43 percent.

The watchdog argued that Telenor had failed to obtain government permission to go ahead with the deal.

(MT)

Related articles:

Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.