Russian Ministry Opposes Proposed International Cellular Deals-Official
14 Janvier 2010 - 5:37PM
Dow Jones News
Russia's Communications Ministry is opposed to the proposed
international takeover deals involving two of the country's three
largest mobile operators, an official familiar with the situation
told Dow Jones Newswires Thursday.
Last autumn Russia's second-largest mobile operator OAO Vimpel
Communications (VIP) announced its intention to take over Ukraine's
largest mobile operator Kyivstar.
Several weeks later, shareholders of the country's third-largest
operator OAO Megafon said they wanted to merge that company with
Turkey's largest operator Turkcell (TCELL.IS).
Norway's Telenor ASA (TEL.OS) is a major shareholder in
VimpelCom and Kyivstar, while TeliaSonera AB (TLSN.SK) owns large
stakes in Megafon and Turkcell.
Russian conglomerate Alfa Group has significant stakes in each
of the companies that would be merged.
-By Will Bland, Dow Jones Newswires; +7 495 232 9198;
william.bland@dowjones.com
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