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TeliaSonera faces criticism over Eurasia transparency

Thursday 15 October 2015 | 14:55 CET | News
TeliaSonera has rejected criticism from a hedge fund that claims to have a short position in the company's stock. The investment research firm Muddy Waters published an open letter to TeliaSonera's board questioning whether the company has fully acknowledged and disclosed the extent of possible damages from the corruption allegations at its operations in Eurasia. Damages, fines and possible writedowns on the activities could severely affect the company's credit profile and ability to pay dividends, according to Muddy Waters. TeliaSonera said in response that it "does not recognize the

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Categories: Mobile & Wireless
Companies: Telia
Countries: World
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