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Russian tycoon to buy RWE's oil and gas production unit

By Christoph Steitz and Arno Schuetze FRANKFURT (Reuters) - German utility company RWE <RWEG.DE> is to sell its oil and gas unit DEA <RWEDE.UL> to investors led by Russia's second-richest man Mikhail Fridman, giving up a profitable part of its business in a bid to emerge from a deep energy industry crisis.

U.S. authorities probe TeliaSonera's Uzbek licence deal

STOCKHOLM (Reuters) - U.S. authorities are investigating TeliaSonera's purchase of a 3G license in Uzbekistan in 2007, the Swedish telecoms operator said, a deal that has forced the firm to replace top management and most of its board. Swedish prosecutors have already launched a preliminary inquiry into corruption allegations related to the 2.3 billion Swedish crowns ($360.5 million) deal, while Dutch authorities raided Telia's offices this month. [ID:nL5N0JE1D4]

Shares of Russian companies traded in US plummet as tensions rise over Ukraine crisis

NEW YORK, N.Y. - Shares of Russian companies traded in the U.S. are plummeted Monday as the country's military forces streamed into Ukraine, raising the possibility of sanctions by Western governments. U.S. Secretary of State John Kerry told Russian President Vladimir Putin that he may "find himself with asset freezes on Russian business." There are also talks of boycotting the Group of Eight summit of leaders in the Olympic host city of Sochi this summer.

Russian broadcaster CTC Media targets internet users

MOSCOW (Reuters) - Russian broadcaster CTC Media plans to expand its online presence in a bid to tap a surge spending on internet advertising and offset slowing growth in the TV ad market, it said on Thursday. Russian advertising spending grew 9 percent in the third quarter, with online advertising rising 27 percent - three times faster than the TV segment, according to industry association AKAR, as people increasingly watch movies and TV shows online.

Telecom tycoon says Ottawa's policy imperils Wind, foreign investment

By Alastair Sharp and Euan Rocha TORONTO (Reuters) - Lack of clarity around Ottawa's telecommunications policy has jeopardized foreign investment in Canada and cast doubt over the future of Wind, the largest new player in the Canadian wireless market, said Egyptian telecom magnate Naguib Sawiris on Wednesday. Sawiris bankrolled the start-up of new telecom player Wind Mobile in 2008, but he lost his ties with the company after his controlling stake in Orascom was sold to European telecoms firm Vimpelcom Ltd in 2011.

Egyptian tycoon says Wind Mobile in peril due to Ottawa policy

By Alastair Sharp and Euan Rocha TORONTO (Reuters) - Egyptian telecom magnate Naguib Sawiris said on Wednesday the lack of clarity around Ottawa's telecom policy has put Wind Mobile, the largest new entrant in the Canadian wireless market, at risk of going bust. Asked about the health of the company, a spokesman for Wind said by email: "We can't comment on Mr. Sawiris' statement as it is his personal opinion and he is no longer connected to Wind Mobile Canada."

Russia's Megafon in talks to start bank

By Megan Davies and Maria Kiselyova MOSCOW (Reuters) - Megafon, Russia's second-largest mobile phone company, may start up a bank to capitalize on growing interest among consumers in managing their finances on-the-go and to cross-sell services to existing customers. Russian mobile operators, trying to boost profits in a maturing market, have been searching for avenues to earn more from their subscriber base.

Vimpelcom poaches former Verizon Wireless CFO

MOSCOW (Reuters) - Telecoms group Vimpelcom, with assets in Russia, Italy and emerging markets, poached the former CFO of the biggest U.S. mobile provider Verizon Wireless, and defected to Nasdaq after nearly two decades trading on NYSE Euronext. Luring Andrew Davies is a coup for Vimpelcom. He worked at Vodafone's Turkish, Japanese and UK businesses before taking the position of chief financial officer at the U.S. giant - a venture between Verizon Communications and Vodafone - in 2010.

Vimpelcom to move stock listing to Nasdaq

MOSCOW (Reuters) - Telecoms group Vimpelcom <VIP.N>, with assets in Russia, Italy and several emerging markets, said on Wednesday it was switching its listing to Nasdaq <NDAQ.O> after nearly two decades of trading on the NYSE Euronext <NYX.N>. The company also said it appointed Andrew Davies, chief financial officer of Verizon Wireless, a joint venture between U.S. group Verizon Communications <VZ.N> and the UK's Vodafone <VOD.L>, as its CFO, replacing Henk van Dalen.

Talks over Vimpelcom's Djezzy at delicate stage: source

MOSCOW/CAIRO (Reuters) - Russia-focused telecoms firm Vimpelcom's talks to sell a controlling stake in its Algerian mobile business Djezzy to Algeria are at a delicate stage but have not failed, a source with knowledge of the discussions said on Wednesday. Algeria wants to nationalize Djezzy and has pushed Vimpelcom into discussing a sale of a 51 percent stake. A report by Dow Jones earlier said that talks had ended in failure, citing two officials close to the matter.
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