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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.

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 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 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.

TeliaSonera sales slump on competition, shift to data

Swedish-Finnish telecom operator TeliaSonera on Friday reported a slight decline in first quarter profit and sales amid strong competition and falling revenue from traditional voice traffic and texting. "Our industry continues to go through a period of change where traditional business models are being challenged by new customer behavior," chief executive Per-Arne Blomquist said in a statement. Net profit fell 0.3 percent to 4.108 billion kronor (482 million euros or $631 million) in the January to March period as revenue slumped 4.5 percent to 24.545 billion kronor.

TeliaSonera CEO resigns over Uzbekistan graft claims

The head of Nordic telecommunications operator TeliaSonera said Friday he would step down after an external review ordered by the company directed "serious criticism" at shortcomings in the company's investment in Uzbekistan. Chief executive Lars Nyberg said he was leaving the company even though the report found no evidence to support claims that the company bribed a woman with ties to the Uzbekistan government to obtain a 3G licence in 2007.
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