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Telenor (NO) - Telenor Commences Arbitration against VimpelCom and Altimo to Preserve Telenor's Pre-emptive Rights in the Wind Telecom Transaction

Telenor Commences Arbitration against VimpelCom and Altimo to Preserve Telenor's Pre-emptive Rights in the Wind Telecom Transaction



(Fornebu, Norway - 31 January 2011) Telenor has commenced an arbitration proceeding against VimpelCom Ltd. and Altimo Holdings & Investments Ltd. under the VimpelCom Shareholders Agreement in order to protect Telenor's pre-emptive rights in the context of VimpelCom's proposed acquisition of Wind Telecom S.p.A.



Telenor has requested an arbitration tribunal to determine that VimpelCom's proposed acquisition of Wind Telecom is not a Related M&A Transaction under the VimpelCom Shareholders Agreement and that Telenor is entitled to exercise its pre-emptive rights under the Shareholders Agreement in connection with the issuance of new VimpelCom shares to the Wind Telecom shareholders if VimpelCom's proposed acquisition of Wind Telecom is completed.



Contact:



Dag Melgaard, Communication Manager, Telenor Group Communications,

tel: +47 901 92 000

e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
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