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Tuesday, February 8, 2011

TIMELINE-Uneasy Vimpelcom partners Telenor and Alfa-Group, (NYSE: VIP), (TEL)

Russian group Vimpelcom's (VIP.N) bid for Egyptian tycoon Naguib Sawiris's telecoms businesses has reignited a feud between its two top shareholders -- Norway's Telenor (TEL.OL) and Russia's Mikhail Fridman's Alfa-Group. Telenor has launched legal action against Vimpelcom in a bid to derail the deal, much to the fury of Alfa's telecoms unit Altimo. [ID:nLDE70U0FS] Here is a brief history of Vimpelcom and relations between Telenor and Alfa-Group:

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