News and Media
Russian Government Approves Telenor/Altimo Deal
The Russian Federal Commission on Foreign Investments has announced its approval of the proposed transaction between Telenor and Altimo in respect of the contribution of their respective ownership interests in OJSC VimpelCom and Kyivstar to a newly created company, VimpelCom Ltd. The announcement was made Wednesday by Igor Artemyev, head of the Russian Federal Antimonopoly Service (FAS).
The parties announced their execution of definitive agreements on 5 October 2009. Approval from Russian and Ukrainian authorities is a condition precedent to closing of the transaction.