US and Netherlands demand billions from Telia

Authorities in the USA and the Netherlands want Telia Company to pay 1.4 billion, around SKr 12 billion, in a settlement for the Uzbekistan deal.

  Telia’s management estimate the proposal covers all ongoing investigations in all countries, including Sweden, although not criminal accusations against individuals in the Swedish preliminary investigation.

  CEO Johan Dennelind says that it is difficult to make detailed comments before the proposal has been gone through in detail. “Many times before I have said that Telia Company went into Uzbekistan in an unethical and wrong way and we are prepared to take responsibility for that,” he says.

  The authorities are investigating transactions Telia made whilst establishing a presence in Uzbekistan in 2007. Swedish TeliaSonera, Russian-Norwegian Vimpelcom and Russian MTS are suspected of having bribed Gulnara Karimova, daughter of Uzbekistan’s then president Islam Karimov.