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Kazakhstan|business|April 3, 2014 / 12:27 PM
TeliaSonera says some Eurasian deals may be illegal

AKIPRESS.COM - map Some of Swedish telecom operator TeliaSonera's business deals in Eurasia may have broken the law, Chairwoman Marie Ehrling said on Wednesday, the press service of the company reported.

"The board can unfortunately say that several transactions and practices have not been handled in accordance with good business practice," Ehrling told shareholders at the company's annual general meeting.

"It can not be excluded that certain actions have been criminal," said Ehrling.

Her comments follow a review commissioned by Telia of its business dealings in Eurasia from law firm Norton Rose Fulbright.

"The review has gone through a number of transactions and agreements made in Eurasia. The review is mainly regarding establishing of operations and acquisitions of companies and licenses. It has not included TeliaSonera’s ongoing business in the countries concerned."

The review focused on Nepal, Kazakhstan, Azerbaijan, Tajikistan and Georgia.


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