Financial Times FT.com

Alfa and Telenor clash over Ukraine

By Arkady Ostrovsky in Moscow

Published: June 16 2005 03:00 | Last updated: June 16 2005 03:00

Alfa Group, Russia's leading financial and industrial conglomerate, has crossed swords with Telenor, Norway's largest telecoms group, over the expansion of Vimpelcom, Russia's second- largest mobile telephone operator, into the Ukraine.

Telenor owns 26.6 per cent of Vimpelcom while Alfa has 33 per cent. Both have called on other minority shareholders to back their positions at an extraordinary general meeting.

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