Alfa Rejects Telenor Proposal to End VimpelCom Dispute

London -- According to a report by the Wall Street Journal,
Russia's Alfa Group has rejected a plan by its partner Telenor, a
Norway-based telecommunications operator, to end a protracted
dispute concerning which of them controls VimpelCom. Earlier this
week, Telenor said it was willing to offload its stake in Kyivstar, a
Ukraine-based mobile operator, to VimpelCom, but only under the
condition that whichever of them puts a higher value on
VimpelCom buys the other out (Telenor and Alfa are currently the
largest shareholders in both VimpelCom and Kyivstar). Telenor is
urging Alfa to reconsider the proposal, the Wall Street Journal said.
http://online.wsj.com/public/page/technology.html?mod=1_0013