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Telia making more money from Eastern European countries ran by dictators

Wednesday, 26 September 2012
TeliaSonera's assets in Eurasia are determined to be approximately Skr 40 billion. The entire company's growth is reported to come from countries ran by dictators, according to the Swedish business daily, Dagens Industri.

There has been increased negative reporting around the Swedish / Finnish telecom giant Telia Sonera's operations in countries such as Belarus and Azerbaijan. The latest criticism applies to suspected bribery on Telia's purchase of mobile licenses in Uzbekistan.

Value of criticized assets of dictatorships in Eurasia between Skr 33-40 billion, according to calculations the paper commissioned.

Telia's most precious possession is in Kazakhstan, where the company had 10,850 subscriptions in 2011 and the value of Telia's interests in the mobile operator Kcell amounts to Skr20 billion.

The holding in Uzbekistan is one of the smaller holdings and is estimated to be worth between Skr 4 and Skr4.5 billion, writes Dagens Industri.

Telia's growth engine lies precisely in those countries. Mobile telephony and broadband in the Nordic and other European has sloped in sales in recent times.
By Scancomark.com Team

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