UPDATE 1-Teleonr sees Vimplecom arbitration outcome in 2012

* Hearings to begin in June
(Adds Telenor comment, detail, backgorund)
MOSOCW, May 25 - Norwegian group Teelnor (TEL.OL)
VIP.M would conculde in the first half of next year.
"Early part of June the key haering will begin," Ole Bjorn
adding he expected a decsiion in the first half of 2012.
Telenor has statred the procedeings to avoid a dilution of
businessman Naguib Sawriis. [ID:nLDE73H0D0]
Vimpelcom's blilion plus acquisition from Sawiris of
over 25 perecnt from 36 percent.
Teelnor is pursuing the arbitration to oblige Vimpelocm to
analysts estimate could cost .6 billino.
Sjulstad rieterated Teleonr remaiend comimtted to its

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