Monthly Archives: January 2011

Russia rejects TeliaSonera petition to consolidate its Megafon holdings

Russian government found consolidation to be ‘unreasonable’.

Russian commission on foreign investment rejected TeliaSonera AB’s petition to consolidate its 35.6% stake in mobile operator Megafon on its balance sheet, the head of Federal Anti-Monopoly Service, Igor Artemyev, said Tuesday, Interfax reported.

The Russian government has found the consolidation “unreasonable” with Megafon shares of TeliaSonera co-owned by Sweden’s and Finland’s governments being possibly transferred to the newly created offshores entity, Artemyev said.

TeliaSonera’s stake in Megafon is now held by four different legal entities, including Sonera Holding B.V. and Telia International.


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Teliasonera AB and Altimo, the telecoms investment arm of oligarch Mikhail Fridman’s Alfa Group, agreed to tie up their stakes in Megafon and Turkcell AS in November 2009. The deal has been blocked by a Russian court.

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TeliaSonera and Altimo launch new appeal into merger ruling

Nordic telecoms group TeliaSonera and Altimo, the telecoms holding company belonging to Russian conglomerate Alfa Group, have confirmed that they have taken steps to appeal the 14 October court ruling relating to the mooted merger of their cellular assets MegaFon and Turkcell. In April the plan ran into opposition from Russian billionaire Alisher Usmanov, who owns 31.1% of MegaFon via his Telecominvest company, and two Russian courts have so far blocked the deal, with rulings in favour of Telecominvest made in June and October 2010 respectively; an earlier court hearing ruled in favour of TeliaSonera and Altimo.

TeliaSonera and Altimo disagree with the court

Local televisions might leave Lattelecom monopoly

Local televisions will not stop broadcasting, as they might use their own transmitters in future. It is the other way round with regional televisions that will not allowed to use their transmitters.

Small televisions are not capable of covering broadcasting costs, required by Lattelecom, when the free of charge broadcasting test mode expires. They cannot broadcast using their own transmitters, as Lattelecom asserts the whole frequency spectrum is their monopoly, reports the newspaper Diena.

Electronic Communications Office representative has pointed out in the Saeima commission session technically it is possible to find «empty» spots – frequencies not intervening with the overall development of digital television. Consequently, they could be attributed to small televisions.

Saeima representatives say the situation is not hopeless. First of all, the status of small televisions should be clearly defined, namely, it happens that regional televisions, covering some of the eight Latvian broadcasting zones are not righteous to use their own transmitters, while the local televisions are in a position they neither are allowed nor forbidden. After a respective political decision and amendments in the legislation, they will be allowed to do it.

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