Antimonopoly Committee Files Case Against Altimo for Failing to Provide Information During Review of Permission to Merge Kyivstar and VimpelCom

telecomThe Antimonopoly Committee has filed a case against Altimo Holding & Investments (British Virgin Islands) for failing to provide information during the review of the permission to merge the Kyivstar mobile communications company and the VimpelCom mobile communications operator (Russia).

The Antimonopoly Committee announced this in a statement.

According to the statement, Altimo failed to provide the necessary information that the Antimonopoly Committee requested about the control relationship in the Alfa Group (which is Altimo’s parent company) as well as about its operations on the Ukrainian telecommunications market.

The Antimonopoly Committee stressed that an investigation uncovered materials indicating that the Alfa Group gained control over the Turkcell mobile communications operator (Turkey), which owns 55% of the shares in the Astelit mobile communications operator (Ukraine).

“These materials indicate that 73% of GSM 900 frequencies and 58% of GSM 1800 frequencies are under the control of the Alfa Group,” the statement states.

In addition, the Antimonopoly Committee said that it has launched an investigation into Crown Finance Foundation and TF Holdings Limited (control Altimo) on suspicion of graining control over Astelit without permission from the Antimonopoly Committee.

As Ukrainian News earlier reported, the Antimonopoly Committee suspended its permission for the merger of VimpelCom and the Kyivstar on April 22 after Astelit provided additional facts in support of its request to delay the merger.

Astelit later withdrew its request.

Despite the withdrawal, the Antimonopoly Committee decided to review its March decision to approve the merger of the companies without additional conditions.

On October 5, 2009, the Altimo company (Russia) and the Telenor telecommunications company (Norway) agreed to merge Kyivstar and VimpelCom to create a new cellular communications operator, VimpelCom Ltd. (Bermuda islands), to provide integrated cellular communications services in Russia, Ukraine, and other member-countries of the Commonwealth of Independent States, as well as in Georgia, Vietnam, Cambodia, and Laos.

Leave a Reply

Your email address will not be published. Required fields are marked *