Swedish telco offloads remaining 19% stake in Russian counterpart for €881 million.
Swedish telco offloads remaining 19% stake in Russian counterpart for €881 million.
Swedish operator’s CEO says financial penalties are a ‘painful reminder’ of what happens when a company does not ‘do the right thing’
Sweden-based telco expects to pay less to settle Uzbekistan probe.
Sweden-based operator surprised by size of settlement proposed by U.S., Dutch authorities.
Mikhail Slobodin’s former employer T Plus investigated over suspicious payments.
Norwegian incumbent reportedly in talks with potential suitors; CEO eyes Vietnam, Indonesia.
Telco agrees to oversight by an independent compliance monitor; Unitel business pleads guilty wih DOJ.
Russian-owned telco reaches settlements with U.S., Dutch authorities that acknowledge violations of corruption practices; Telenor ‘takes it very seriously’.
Alleged dodgy dealings and falling foul of regulators prompted some hasty management makeovers in 2015.
Sale in line with Swedish telco’s plan to exit Eurasia, focus on Europe.
U.S. authorities mulling expansion of Uzbekistan investigation to other Eurasian markets, move could cost telco €1.6 billion in damages.
Norwegian incumbent suspends staff amidst Vimpelcom Uzbekistan probe, misses out on Thai 4G licence.
Finance chief and general counsel relieved of their duties ‘to avoid questions being raised,’ Norwegian operator says.
Vimpelcom swings to $1 billion third quarter ne t loss due to Uzbekistan provision.
Jo Lunder held by Norwegian authorities on suspicion of corruption.
External review to look at Norwegian telco’s governance structure, board’s conduct regarding Vimpelcom’s Uzbek investment.
Russian company says it cannot be certain of outcome or final cost o f ongoing corruption probe.
Swedish operator will manage exit on a market-by-market basis; plans to focus on European operations going forward.