Wednesday, 28 June 2017

Telenor cuts ties with ex-CEO Baksaas over Vimpelcom probe

By Nick Wood, Total Telecom
Monday 09 November 15

Vimpelcom swings to $1 billion third quarter net loss due to Uzbekistan provision.

Telenor announced on Monday it has terminated a consultancy deal with former CEO Jon Fredrik Baksaas amid the ongoing investigation into Vimpelcom's Uzbekistan business. Baksaas has also agreed to forego a bonus payment for 2015. The decision is effective immediately. "The recent developments in the ongoing investigations of Vimpelcom make my role as strategic advisor to the board in Telenor challenging…

Telenor announced on Monday it has terminated a consultancy deal with former CEO Jon Fredrik Baksaas amid the ongoing investigation into Vimpelcom's Uzbekistan business. Baksaas has also agreed to forego a bonus payment for 2015. The decision is effective immediately. "The recent developments in the ongoing investigations of Vimpelcom make my role as strategic advisor to the board in Telenor challenging…

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