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Telenor claws back Vimpelcom
Norway’s Telenor yesterday wrestled back partial control of telecom firm Vimpelcom from Russian oligarch Mikhail Fridman’s Alfa Group, in a move that gives it more say over strategy and could prolong a long-running corporate battle. The company said it has bought 234m shares in Vimpelcom that will boost its voting share to 36.36 per cent.