Billionaire Fridman Says Telenor Exit Makes VimpelCom Fitter

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  • Having competitor as investor made board meetings ‘abnormal’
  • ‘Like PepsiCo managers sitting on the Coca-Cola board’

Mikhail Fridman, the billionaire co-owner of VimpelCom Ltd, said he’s happy Telenor ASA has begun selling its stake in the wireless carrier, because competition between the two companies in some markets created an “abnormal” situation on the board.

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