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Telenor ‘Happy’ Altimo Keen to Help VimpelCom Form a New Board

Telenor ASA (TEL), the largest shareholder in mobile-phone provider VimpelCom Ltd. (VIP), is “happy” fellow investor Altimo is also intent on forming a new board for the company, spokesman Dag Melgaard said.

The new body should be formed “based on the present distribution of shares,” Melgaard said by e-mail.

The spokesman for Fornebu, Norway-based Telenor said the company is “still of the opinion that VimpelCom’s acquisition of Wind Telecom was not a good transaction,” though “we have accepted the fact that the transaction has been consumated.”

To contact the reporter on this story: Halia Pavliva in New York at hpavliva@bloomberg.net

To contact the editor responsible for this story: Emma O’Brien at eobrien6@bloomberg.net

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