Telia AB logo

TELIA - Telia AB News Story

SEK36.64 0.0  0.0%

Last Trade - 11:26am

Large Cap
Market Cap £12.76bn
Enterprise Value £21.14bn
Revenue £7.54bn
Position in Universe 55th / 1832

Swedish prosecutor appeals ex-Telia CEO's acquittal in Uzbekistan bribery case

Fri 8th March, 2019 8:16am
STOCKHOLM, March 8 (Reuters) - Swedish prosecutors have
appealed against the acquittal last month of Lars Nyberg, former
CEO of telecoms operator Telia Company  TELIA.ST , of charges of
bribery in connection with the group's business activities in
Uzbekistan, the Prosecution Authority said on Friday.
    Nyberg was acquitted by a Swedish district court on Feb. 15.
    The charges, filed in 2017, concerned alleged bribery during
2007–2010 of a local Uzbek partner in connection with Telia's
entry into the Uzbek market. Nyberg, and two other former Telia
executives also accused, denied the charges.*:nL5N20A2VF
    Telia said in 2015 that it would exit central Asian markets
and refocus on growing its core Nordic operations after being
hit for years by investigations into alleged corruption linked
to local partners and problems accessing cash in certain
emerging markets.
    Telia has nearly completed its exit from those markets, with
only its business in Moldova left to sell.

 (Reporting by Helena Soderpalm, editing by Anna Ringstrom and
Susan Fenton)
 ((; +46 8 700 10 15; Reuters
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.