Telenor
ORG
Telenor
Telenor, the Norwegian mobile phone operator, offered on to sell its Ukrainian telecommunications business to a Russian company for $5 billion in cash. Telenor holds 26 percent of VimpelCom and 57 percent of Kyivstar. The move would consolidate all significant telecommunications assets of the rivals in the same company, where neither side would hold a majority stake. The renowned Norwegian mobile phone operator, Telenor, offered to sell its Ukrainian telecommunications business to a Russian company for $5 billion in cash. The offer came as the latest step in a long-running duel between teo of the most renowned companies, Telenor and the Alfa Group, controlled by the Russian billionaire Mikhail Fridman. The two sides began as partners and are now fighting for control of the companies they jointly invested in.