*

Hitt og þetta 28. nóvember 2005

TeliaSonera sues Russian Alfa Group

Nordic Business Report-November 28, 2005-TeliaSonera sues Russian Alfa Group
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

Finnish-Swedish telecomms group TeliaSonera AB said on Monday (28 November) that it was initiating legal action against the Russian Alfa Group for its alleged interference in the transaction between TeliaSonera and the Turkish Cukurova Group. TeliaSonera views Alfa to have taken action making Cukurova breach the agreement entered into in March 2005 pertaining to Cukurova's sale of an effective 27% stake in the Turkish mobile operator Turkcell to TeliaSonera. According to official sources, Cukurova and Alfa have agreed on transactions relating to the shareholding and governance of Turkcell Holding and Turkcell. The transactions between Cukurova and Alfa have now materialised to such a degree that TeliaSonera has decided to take legal action also against Alfa. TeliaSonera would sue Alfa for tortious interference as Alfa in TeliaSonera's view has interfered in contractual arrangements in such a way that Alfa legally becomes liable for damages.

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