0
Wireless

Telia makes last payment to settle Uzbekistan corruption case

Wednesday 20 March 2019 | 11:00 CET | News
Telia said it has paid USD 208.5 million to the Dutch Public Prosecution Service, the last remaining amount owed in the bribery case settled in September 2017. Telia was at the time told to pay USD 965 million to settle a case with the US Department of Justice (DoJ), Securities and Exchange Commission (SEC) and the Dutch Public Prosecution Service (OM). The company was found to have violated foreign corrupt practices in Uzbekistan, with its unit Coscom. Telia's stake in the subsidiary, operating under the name Ucell in Uzbekistan, has since been sold off. And with a Swedish court acquitting

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Telia / Ucell
Countries: Netherlands / Sweden / 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.


Related

Telia CEO Dennelind to step down in 2020

Published 05 Aug 2019 08:37 CET | Scandinavia
Johan Dennelind has announced plans to step down as CEO of Telia Company in 2020 in order to "take on new challenges". He gave 12 ...

Telia targets 2% lower annual costs in 2019-21, raises synergy target for Norway

Published 26 Mar 2019 09:44 CET | World
Telia Company announced at its Capital Markets Day plans to reduce its operational expenses of approximately SEK 24 billion by ...

Telia says 93% of Nordic, Baltic energy consumption in 2018 came from renewable sources

Published 21 Mar 2019 12:03 CET | Scandinavia
Telia Company said in its combined annual and sustainability report for 2018 that 93 percent of all the electricity consumption ...

Swedish court acquits 3 in Telia bribery case, says liability for accepting bribes not proven

Published 15 Feb 2019 13:15 CET | Sweden
Stockholm District Court said it has acquitted the three defendants in the Telia bribery case of all charges, by unanimous ...

Telia sells stake in Ucell for USD 215 million

Published 05 Dec 2018 13:04 CET | Uzbekistan
Telia Company announced that it's agreed to sell its interest in Uzbekistan mobile operator Ucell to the State Committee of the ...

Telia settles Uzbekistan corruption case for USD 965 million

Published 22 Sep 2017 08:47 CET | Sweden
Telia announced it's reached a settlement with US and Dutch authorities over their investigation into bribery at Uzbekistan ...