Altimo, the telecoms arm of Russia's Alfa Group, has frozen 2.7% of its 31.4% stake in Vimpelcom against any further commercial deals, pending the settlement of a long running dispute concerning Vimpelcom’s control over a Kyrgyz mobile operator, writes Cellular-News, citing Russian business news agency PRIME. Russia’s Mobile TeleSystems (MTS) is seeking to restore its right to an indirect 51% stake in Bitel, which was transferred by a Kyrgyz court to Rezervspetsmet (a company allegedly linked to Altimo) several days after MTS bought the stake in 2005.
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OVETEL Altimo freezes 2.7% stake in Vimpelcom over Kyrgyz cellco dispute
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