Bloomberg News

Telenor Buys $374 Million in Vimpelcom Preferred Shares

February 15, 2012

Feb. 15 (Bloomberg) -- Telenor ASA bought 234 million VimpelCom Ltd. preferred shares from Weather Investments II S.a.r.l. for $374.4 million increasing its voting share in the company to about 36%.

Telenor has withdrawn all its claims against Altimo Holdings & Investments Ltd., Altimo Cooperatief U.A. and VimpelCom Ltd. in the pending arbitration, it said in a statement.

Link to Statement:{NSN LZFWM03HBS3L <GO>}

To contact the editor responsible for this story: Stephen Treloar at streloar1@bloomberg.net


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