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Ukraine - Telenor wins New York arbitration against Alfa.
(From Telecompaper Europe)
Telenor has won an arbitration proceeding in New York against Alfa group subsidiary Storm over the parties' joint investment in Ukrainian mobile operator Kyivstar. The tribunal has ordered Alfa to sell its Kyivstar stake within 120 days or divest of its holdings in competing operators Turkcel and Ukrainian High Technologies (UHT) above 5 percent. The tribunal found that Alfa subsidiary Storm failed to appoint candidates for election to the Kyivstar board, failed to attend shareholder meetings, owns or controls more than 5 percent ...
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