Russia's Antimonopoly Service Prepares Lawsuit Against Telenor -Report
16 Aprile 2012 - 5:59PM
Dow Jones News
Russia's Federal Antimonopoly Service, or FAS, is preparing a
lawsuit against Norwegian telecommunications operator Telenor ASA
(TEL.OS), which has increased its stake in VimpelCom Ltd. (VIP) to
39.51% from 25.01% since the beginning of the year, Interfax
reported Monday citing FAS.
The regulator says that Telenor has breached a law regulating
foreign investments in companies the state deems strategically
important.
Should the lawsuit be accepted by the court, and should the
ruling go against Telenor, the deal with the Norwegian company
could be annulled, according to the report.
Agency website: www.interfax.ru
-By Moscow Bureau, Dow Jones Newswires; +7 495 974 8026
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