0
General

Vimpelcom faces investigation over Uzbekistan activities

Wednesday 12 March 2014 | 09:25 CET | News

Vimpelcom announced it faces investigations in the US and the Netherlands into its activities in Uzbekistan. The company said it received a letter from US Securities and Exchange Commission stating that it's conducting an investigation related to Vimpelcom and requesting documents. Also, the company's headquarters in Amsterdam were visited by representatives of the Dutch authorities, including the Dutch public prosecutor office, who obtained documents and informed the company that it was the focus of a criminal investigation in the Netherlands. 

The investigations "appear to be concerned with the company's operations in Uzbekistan", Vimpelcom said without providing further details. The company said it intends to fully cooperate with the investigations. Vimpelcom has 10.5 million mobile customers in Uzbekistan. 

It is not the first foreign operator to face problems in the country. In 2012, MTS had its assets seized by the government over alleged licence and tax violations. It was eventually declared bankrupt and ended up leaving the market. TeliaSonera's top management fell in 2013 over allegations of mismanagement at its operations in Uzbekistan. The Swedish public prosecutor continues to investigate how the company was established in Uzbekistan. 


Categories: General
Companies: Vimpelcom
Countries: Uzbekistan / World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.






8.5 million
is spent on the 'Overstapweken bij Ziggo' campaign in 2014
Netherlands  |  2014

Calendar   /   Industry Events

27 Oct Twitter Q3 2014
27 Oct Meru Networks Q3 2014
27 Oct Net Insight Q3 2014
27 Oct PMC-Sierra Q3 2014
27 Oct Ooredoo Q3 2014
27 Oct Telecoms Social Network Summit
28 Oct KPN Q3 2014
28 Oct Grameenphone Q3 2014
28 Oct Digital Realty Q3 2014
28 Oct Harris Corporation Q1 2014/25
28 Oct Telio Q3 2014
28 Oct Extreme Networks fiscal Q1
28 Oct T-Mobile US Q3 2014
28 Oct Facebook Q3 2014
28 Oct Internap Q3 2014
28 Oct Synchronoss Q3 2014
28 Oct Inphi Q3 2014
28 Oct Extreme Networks Q3 2014
28 Oct AppliedMicro Q3 2014
28 Oct WIFI World Summit
28 Oct Powering the Cloud
28 Oct Rich Communication 2014
29 Oct Telenor Q3 2014
29 Oct STMicroelectronics Q3 2014
29 Oct Glu Mobile Q3 2014
29 Oct JDSU Q3 2014
29 Oct Arris Q3 2014
29 Oct Peregrine Semiconductor Q3 2014
29 Oct TE Connectivity Q3 2014
29 Oct Myanmar Mobile Services
::: More Calendar Items