Norwegian telecoms giant Telenor has announced that it has filed a claim in the Supreme Court of Bermuda, requesting that the court declares that the telco’s 15 February purchase of 234 million preferred shares in international telecoms group Vimpelcom did not trigger the mandatory tender offer (MTO) requirements stipulated in the latter's by-laws. Amsterdam-based Vimpelcom is incorporated in Bermuda and listed on the New York Stock Exchange (NYSE). Telenor spokesman Dag Melgaard explained: ‘Vimpelcom is a Bermuda company.
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OVETEL Telenor pursues legal action against Altimo in Bermuda
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