OREANDA-NEWS. The Vympel-Kommunikatsiji open joint-stock company has announced Dec. 21 that the Federal Arbitration Court in Moscow upheld the ruling by Moscow City Arbitration Court of June 26, 2006 and the ruling of the Court of Appeals of September 7, 2006 sustaining the purchase by VympelCom of the Ukrayinskie radiosistemy. The purchase had been protested by the Telenor East Invest Company.

VympelCom say they are satisfied by the Federal Arbitration Court decision which bars for the next time Telenor to invalidate VympelCom’s director decision to sign a purchasing contract with Ukrayinskie radiosistemy.

This is the seventh court ruling in favor of VympelCom against Telenor appeals challenging the legality of the purchase.

FAC ruling can be contested in the Supreme Arbitration Court.