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Telia suffer more fall outs from its collaboration with dictators
Friday, 27 April 2012
Another fall out from the Telia’s collaboration with dictators as we
have pointed out in the past days continues to have negative effects on
Reports hold that Swedbank has since the news was exposed that
TeliaSonera collaborated with dictatorships decided to sell all of
Telia shares in their sustainability funds. The shares at the time was
valued at Skr500 million.
Just last week that Swedish television that revealed that the security
services of several Central Asian countries have had full access to
Telia's network and the opposition members have been arrested
after their data traffic and phone calls were being intercepted by
revelation has led to several major shareholders to no longer wanting
to be associated themselves with the company, most recently in the line
is assets managed by Swedbank Robur.
Swedbank Robur has many different funds and TeliaSonera is one of them.
Some funds invest in companies that will pay particular attention to
ethics and sustainability.
“Because we have a customer promise for our sustainability funds and
because we know what happened in those countries, we have had to sell
our holding in TeliaSonera Shares in these particular funds,” said
Thomas Eriksson, CEO of Swedbank Robur.
He says that the bank is critical to how TeliaSonera managed several
issues, including that “because they are unclear about how to apply the
local laws of different countries and how far-reaching concessions they
may have made.
Today TeliaSonera announced that the company has promised to change in
which many critics believe that he is signal that they have listened to
“But it is also doing what is said to be done and that is transparent
and clear on these issues in different countries,” says Thomas Eriksson.
Not long ago, the city of Stockholm threatened to withdraw telephone
contracts when it comes up for renewal soon. Telia provide telephone
services to workers of the Stockholm city council and that contract is
on its way of becoming up for renewal.
By Scancomark.se Team
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