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Financial

TeliaSonera Launches Uzbek Review

STOCKHOLM -- TeliaSonera has assigned Mannheimer Swartling, one of Sweden’s most respected law firms, to review its investment in Uzbekistan in 2007. At the same time, the board has appointed Sweden’s former ambassador to Russia, Tomas Bertelman, as a strategic advisor on matters related to the company’s operations in Central Asia.

Mannheimer Swartling have been asked by TeliaSonera to investigate whether TeliaSonera’s investment in a 3G-license, frequencies and number series in Uzbekistan in 2007 involved any form of corruption or money laundering. The review will be led by Biörn Riese, Mannheimer Swartling’s managing partner.

Mr Riese will report to TeliaSonera’s board of directors and the results of the external review will be made public.

“It is good that the review is now under way. The board has great confidence in Mannheimer Swartling and Biörn Riese, who possess all the prerequisites to carry out an independent legal assessment of the transaction with Takilant Ltd,” says Anders Narvinger, Chairman TeliaSonera.

“The allegations directed at TeliaSonera are very serious and therefore it is important that an independent party now reviews the transaction and truly gets to the bottom of all allegations and rumours which have flourished in recent weeks. At the same time, we will of course on all fronts cooperate with the police in its investigation, so that no questions remain as to whether we paid bribes or participated in money laundering, says Lars Nyberg,” President and CEO TeliaSonera.

Telia Company

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