Vimpelcom is hit with tax claim for $160 million

Article Abstract:

Russian authorities have ordered Vimpelcom, the country's No. 2 cellular telephone company, to pay $160 million in back-taxes, fines and interest payments. The decision, along with the government's recent auditing of oil-giant Yukos, has raised fear among foreign investors that major Russian companies may be facing the kind of scrutiny that could have negative effects on company profits.

United States, Forecasts, trends, outlooks, Financial management, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Securities issued, listed, Taxes, Petroleum refining, Government Regulation, Analysis, Foreign investments, Taxation, Forecasts and trends, Discipline, Petroleum industry, Market trend/market analysis, Securities, Company securities, Company financing, OAO NK Yukos, Business-government relations

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Telenor's messy excursion in Russia shows pitfalls of hunting for growth

Article Abstract:

Western c ellular telephone service companies looking to expand in emerging countries are encountering problems. The conflicts in the partnership between Telenor and Alfa-Group are given as an example.

Foreign operations, Alliances, partnerships, Alliances and partnerships

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VimpelCom-Region enters funding pact with Alfa, Telenor

Article Abstract:

VimpelCom-Region has signed deals with Alfa Group and Telenor AS to receive equity funding. VimpelCom will receive as much as $337 million (393.3 million euros) in funding from the two companies.

Wired Telecommunications Carriers, Receipt of funds, Telephone Communications, Telephone communications, exc. radio, Use of Funds, Telecommunications services industry, Telecommunications industry, Telephone services

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