Swedish-Finnish telecom operator TeliaSonera said on Thursday it was replacing the head of its mobile services unit over his role in the group's controversial investments in Uzbekistan.
China is investigating global packaging giant Tetra Pak for "abusing" its dominant market role, an official said Friday, the latest in a series of probes aimed at foreign companies.
TeliaSonera CEO Lars Nyberg announced on Friday he was stepping down from the Nordic telecom firm, which remains under fire over allegations of bribery stemming from its business dealings in Uzbekistan.
A law firm hired by TeliaSonera to investigate bribery allegations stemming from the Nordic telecom firm's business deals in Uzbekistan has found there is no evidence to support the claims.
The Finnish-Swedish telecommunications operator TeliaSonera posted on Thursday an 8 percent rise in 2012 net profit, slightly better than expected by analysts.
The Stockholm District Court on Tuesday ordered an unprecedented 1.8 billion kronor ($277 million) asset freeze for the Uzbekistan-based partner of Nordic telecom firm TeliaSonera as part of an ongoing bribery investigation.
Nordic telecom firm TeliaSonera confirmed on Wednesday that two senior staff members are under criminal investigation for bribery following September’s revelations of the details surrounding its licensing deal in Uzbekistan.
Nordic telecom firm TeliaSonera has been hit with new revelations about another business deal with Uzbekistan, which came after a request from the daughter of the country’s president who “needed more money”.
TeliaSonera will shed 2,000 workers as part of a 2 billion kronor ($300 million) savings package, the Swedish-Finnish telecoms giant announced on Wednesday along with its third quarter results.
A Stockholm court on Monday ordered that more than $30 million held in a Swedish bank by an Uzbek company with ties to Swedish-Finnish telecoms giant TeliaSonera be frozen as part of an ongoing money-laundering probe.
Nordic telecom firm TeliaSonera has been hit with new revelations about suspicious business practices in Asia, this time stemming from a complex deal with a firm tied to the former ruling family in Nepal.
TeliaSonera CEO Lars Nyberg will be leaving his post early in the wake of bribery scandals and the Nordic telecom firm's dealings with dictators. A search for his replacement is already underway.
The Swedish prosecution authority has launched a preliminary corruption probe into TeliaSonera's licence acquisition in Uzbekistan, the Finnish-Swedish telecom operator said on Wednesday.
The CEO of TeliaSonera, the Nordic telecoms firm in which the Swedish state has the largest ownership stake, said he was prepared to resign should new money laundering and bribery accusations related to the firm's contracts in Uzbekistan prove true.
