Thursday, 29 June 2017

Telenor worried as Vimpelcom makes $900m Uzbekistan provision

By Mary Lennighan, Total Telecom
Tuesday 03 November 15

Russian company says it cannot be certain of outcome or final cost of ongoing corruption probe.

Vimpelcom on Tuesday announced that it will make a provision of US$900 million in its third quarter results related to the ongoing corruption investigation at its operations in Uzbekistan, a move that has raised concerns for parent company Telenor…

Vimpelcom on Tuesday announced that it will make a provision of US$900 million in its third quarter results related to the ongoing corruption investigation at its operations in Uzbekistan, a move that has raised concerns for parent company Telenor…

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