Ukrainian Supreme Court To Decide Outcome Of Telenor Alpha Battle.

The Ukrainian Supreme Court is scheduled to hear a case between Norway’s largest mobile operator, Telenor and Russia’s Alpha group – Kyivstar’s largest shareholders. The two companies’ disagreement is over the size of the supervisory board at Kyivstar. Telenor, the larger shareholder with about a 56.5% stake in the company, wants a nine-member board, with four members coming from Alpha. While Alpha, which controls 43.5%, was a ten-member board divided 50-50. The year-old conflict has seen quite a bit of politicking from both sides with Telenor taking its arguments to the press, while Alpha Group’s head Mikhail Friedman came to Kyiv to meet privately with President Yushchenko, presumable to take the issue to the highest level.