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TeliaSonera in Georgian tax dispute

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14:51 CEST+02:00
Swedish-Finnish telecom firm Telia Sonera has landed in a tax battle in Georgia after its Geocell subsidiary was served with a 450 million kronor ($63 million) penalty by local tax authorities.

But TeliaSonera has refused to pay and has appealed the decision via Geocell, business daily Dagens Industri reports.

"We expect the case to be decided in May 2010," TeliaSonera said in a written comment to the newspaper.

The company also said that they expect the demand will drop significantly.

Geocell is Georgia's leading mobile operator and is 74 percent owned by TeliaSonera. The company is a strong revenue earner for TeliaSonera with Geocell reporting income in 2009 of 1.4 billion kronor.

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