Telenor owns 33 percent stake in mobile operator Vimpelcom. Mikhail Fridman Alfa System Owner 56.2 percent of Vimpelcom through the company Letterone.
Until 2012 fought Telenor and Alfa System tough power struggles over control of Vimpelcom.
Vimpelcom suspected of corruption and investigated in three countries because of a partnership agreement in Uzbekistan with the shell company Takilant, registered in Gibraltar. Police in several countries believe Takilant in reality controlled by Uzbekistan’s President Karimov’s daughter Gulnara.
The Dutch police believe Vimpelcom paid $ 92.5 million, or more than 700 million in bribes to establish themselves in the Uzbek mobile market.
Telenor has three seats in Vimpelcom Board. CEO Jon Fredrik Baksaas resigned from Vimpelcom board right before Christmas.
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