OSLO: Norwegian group DNO is cash-strong and ready to pursue acquisitions while boosting oil exploration and output across the Middle East and North Africa, as it integrates the Persian Gulf assets of Dubai-based RAK Petroleum.
"We will take an (...)
OSLO: Telenor stepped up its fight against Vimpelcom by seeking an injunction to force the Russian telecom to issue shares to the Norwegian telecom if a cash-and-shares deal for Wind Telecom is completed.
The move by Telenor, which owns 36 (...)
OSLO: Norway's Telenor fears that a telecom corruption scandal rocking India may damage its fledging mobile operations there and says a $6 billion expansion deal by partly-owned Vimpelcom carries too much uncertainty.
India is mulling whether to (...)
OSLO/MOSCOW: Vimpelcom's $6.6 billion bid for telecoms assets owned by Weather Investments was hanging by a thread after Norwegian shareholder Telenor said on Monday it would not back the deal.
Telenor's opposition to the deal — which would see (...)