Alfa Group has contacted Norwegian telecoms group Telenor over a prospective merger between mutual interests Vimpelcom and Kyivstar, Russian business daily Vedomosti reports. According to the proposal, Alfa and Telenor will each get 40% of the new entity. The two companies have been involved in an extended dispute over Vimpelcom and its involvement in the Ukrainian mobile sector, which has seen Telenor’s 29.9% stake in the Russian cellco seized by the courts. Alfa’s telecoms division, Altimo, holds a 44% share in Vimpelcom. Alfa and Telenor co-own Kyivstar, Ukraine’s leading mobile operator, with Telenor holding a 56.5% majority of shares. Telenor is reportedly more interested in holding a controlling stake in Kyivstar than a minority share in a newly formed company.
Earlier this week CommsUpdate reported that Telenor has been served with a notice to pay USD1.7 billion in damages to Vimpelcom, or risk losing its share of the business. Telenor is appealing the court’s decision.