UPDATE 1-US court upholds ruling for Telenor, against Alfa

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OSLO, Dec 4 (Reuters) - A U.S. federal court has ruled again in favour of Norwegian telecom group Telenor (TEL.OL) in a dispute against Russia's Alfa Group, rejecting an Alfa motion to delay fines imposed last month, the court's judgement showed.

The ruling is part of a long-running legal and boardroom battle between Telenor and Alfa over strategy and control of their two mobile telecom ventures, Kyivstar and Russian operator Vimpelcom (VIP.N).

The U.S. District Court for the Southern District of New York upheld on Wednesday its November ruling which ordered Alfa Group to pay fines starting at $100,000 per day to Telenor and to deposit shares in co-owned Ukrainian operator Kyivstar with the court, a copy of the court's ruling showed.

A spokesman for Alfa's telecoms arm Altimo declined to comment.

Telenor shares traded up 4.1 percent at 41.15 crowns by 1022 GMT, outpacing a 1.7 percent rise in the Oslo bourse's benchmark index .OSEBX.

In its Nov. 19 ruling, the court had held Alfa's Altimo and its affiliates in contempt of a U.S. arbitration court ruling concerning Kyivstar, and ordered it to sell its shares in the Ukrainian operator.

The verdict was against Altimo's Storm unit and its corporate parents, which then sought amendment to parts of the ruling, which also requires Storm to deposit its Kyivstar shares with the court to ensure compliance.

"Storm's motion to amend the contempt order is denied," U.S. District Judge Gerard Lynch said in the judgement, provided to Reuters by Telenor.  Continued...