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U.S. authorities probe TeliaSonera's Uzbek licence deal

STOCKHOLM (Reuters) - U.S. authorities are investigating TeliaSonera's purchase of a 3G license in Uzbekistan in 2007, the Swedish telecoms operator said, a deal that has forced the firm to replace top management and most of its board. Swedish prosecutors have already launched a preliminary inquiry into corruption allegations related to the 2.3 billion Swedish crowns ($360.5 million) deal, while Dutch authorities raided Telia's offices this month. [ID:nL5N0JE1D4]

TeliaSonera in US corruption probe over Uzbekistan

TeliaSonera said Monday it was under investigation by US authorities over suspect business dealings in Uzbekistan, amid a scandal that forced out the boss of the Nordic telecoms firm last year. "The DOJ (US Department of Justice) has sent a request for documents to TeliaSonera. In addition, TeliaSonera has received a request from the US Securities and Exchange Commission (SEC) to submit documents and information related to Uzbekistan," the company said in a statement.

M&A speculation lifts Tele2 shares as Norway uncertainty looms

By Sven Nordenstam STOCKHOLM (Reuters) - Shares in Nordic telecom operator Tele2 <TEL2b.ST> jumped as much as 8 percent on Friday on expectations of a bid for its business in Sweden that would bring about long-awaited consolidation of the country's telecoms sector.

TeliaSonera reports profits slump amid corruption claim

Swedish-Finnish telecom operator TeliaSonera announced on Thursday a sharp profit drop in 2013 in the wake of a corruption scandal, blaming slow economic growth, regulatory effects and changing customer behaviour. The group's annual net profit fell by 25 percent to 14.97 billion kronor (1.69 billion euros, $2.3 billion), while revenue dropped by three percent to 26.5 billion kronor. Johan Dennelind, TeliaSonera's chief executive since last September, said in a statement that 2013 was "an eventful and challenging year" for the company and the telecoms industry.

TeliaSonera fires CFO, 3 other executives after ethics probe into foreign investment deals

STOCKHOLM - TeliaSonera says it has fired its chief financial officer and three other executives for their role in questionable deals in Central Asia. The Nordic telecommunications company says the decision is based on the findings by an independent audit into the deals, which this year came under fire for allegations of bribery and money laundering, particularly in Uzbekistan. TeliaSonera said in a statement Friday that the board had lost trust in the four employees and that the review into the company's transactions and agreements will continue.

TeliaSonera sacks four executives on corruption suspicions

Swedish-Finnish telecom operator TeliaSonera dismissed four top executives on Friday for possible links to an alleged corruption case during the group's expansion in Uzbekistan. The company has only revealed the name of one of the executives, chief financial officer Per-Arne Blomquist. "The board's conclusion is that some senior employees no longer have the trust of the board," chairman Marie Ehrling said in a press release.

Teliasonera buys 4G licenses in Finland

STOCKHOLM (Reuters) - Nordic telecom operator Teliasonera has bought 4G licenses in Finland for 41.2 million euros ($567 million) to boost coverage in the country, the company said on Wednesday. "The new frequencies will enable a significant increase in 4G coverage and constitute an important step in creating Finland's most extensive mobile broadband network," Teliasonera said in a statement. The license auction was held by Finland's Ministry of Transport and Communications. ($1 = 0.7262 euros)

TeliaSonera reports profit up after job cuts

Finnish-Swedish telecoms company TeliaSonera said on Thursday it increased its third-quarter profit by 15 percent from the equivalent figure last year as a result of layoffs and other cost-cutting measures. Profits during the quarter amounted to 4.64 billion kronor (529 million euro, $720 million), exceeding the forecasts by analysts interviewed by Dow Jones, who expected 4.5 billion kronor (513 million euro, $697 million.) But net sales fell by 1.8 percent to 25.38 billion kronor (2.89 billion euro, $3.94 billion.)

TeliaSonera replaces mobile chief amid graft claims

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. "Tero Kivisaari's role in TeliaSonera's criticised investments in Uzbekistan ... has made it impossible for him to act with the internal and external authority necessary," chief executive Johan Dennelind said in a statement. "The investments in Uzbekistan were carried out in a way not compliant with the business practices TeliaSonera wants to stand for," he added.

Finland sells $485 million TeliaSonera shares

HELSINKI (Reuters) - Finland's state investment fund Solidium sold 368 million euros ($485 million) worth of shares in TeliaSonera <TLSN.ST>, cutting its stake in the Nordic telecoms operator to 10.1 percent from 11.7 percent. The average price of the 68 million shares, which were placed with investors, was 5.41 euros or 47.1 Swedish crowns per share. TeliaSonera shares were down 2.6 percent at 47.23 crowns by 0800 GMT (3:00 EDT).
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