*

Hitt og þetta 15. nóvember 2005

Telenor commences arbitration against Alfa

Nordic Business Report-November 15, 2005-Telenor commences arbitration against Alfa
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

Norwegian telecomms group Telenor ASA said on Monday (14 November) that it had commenced an arbitration proceeding against the Russian operator Alfa's affiliates, Eco Telecom Limited, Eco Holdings Limited and CTF Holdings Limited. The arbitration is a response to breaches by Alfa of the provisions of the VimpelCom Shareholders Agreement that relate to the nomination of candidates for election to the board of directors of VimpelCom, according to the company. The principal objective of the proceeding is to cause Alfa to comply with its obligations in the VimpelCom Shareholders Agreement, Telenor said.

((Comments on this story may be sent to tww.feedback@m2.com))