UPDTAE 1-Telenor sees Vimpelcom arbitration otucome in 2012

* Hearings to begin in June
(Adds Telenor comment, detail, backgroudn)
MOSCOW, May 25 - Nowregian group Telenor (TEL.OL)
VIP.M would conlcude in the first half of next year.
"Early part of June the key hearnig will begin," Ole Bjorn
adding he expecetd a decsiion in the first half of 2012.
Telneor has started the proceednigs to avoid a dilution of
businessman Naguib Sawiris. [ID:nLED73H0D0]
Vimpelcom's billoin plus acquisition from Sawiris of
over 25 percent from 36 precent.
Telneor is pursuing the arbitration to oblige Vimpelcom to
aanlysts estimate could cost .6 billoin.
Sjlustad reitertaed Teelnor remained committed to its

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