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Telenor (OSL:TEL) (Fornebu, Norway, 12 November 2008) Telenor has today received an open letter from Altimo and Altimo's international advisory board containing serious accusations against Telenor.
After an initial review of the letter and its attachments, Telenor finds that the documents either have nothing to do with Telenor or have been clearly altered or forged. In addition, a number of the entities named in the attachments to the letter have nothing to do with Telenor. Telenor therefore cannot take the accusations seriously.
The letter from Altimo diverts attention from more important issues, such as the upcoming hearing in the Farimex case in Omsk in Siberia on November 18th. Altimo's letter can be ignored. The efforts to seize Telenor's shares in VimpelCom through the Farimex litigation cannot be ignored. Telenor hopes the media will focus not on these absurd allegations and unreliable documents, but on the ongoing efforts to undermine Telenor's ownership interests in VimpelCom and Kyivstar.
Contact: Dag Melgaard, Group Communications, Telenor ASA, tel: (+47)901 92 000
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