In relation to the Minister for Financial Markets Peter Norman's statement today, in which he suggests that it may be reasonable for TeliaSonera's Board to work towards a time out for senior executives subject to suspected offense in order to avoid further deterioration of confidence in the company, TeliaSonera’s Chairman Anders Narvinger makes the following comment.
"The Board of Directors of TeliaSonera has been aware of the fact that a member of Group Management has been served with indictment since the end of September 2012, and is continuously following up on the question of suspicions related to TeliaSonera’s investment in Uzbekistan. In light of the ongoing investigations, the Board has not considered that any senior executive of TeliaSonera should take a time-out," said Chairman of the Board Anders Narvinger.
"We are now awaiting Mannheimer Swartling’s investigation. In the event of new information, which leads to a strengthening of the degree of suspicion against senior executives, the Board will of course consider the need for a time-out or other measures."
TeliaSonera provides network access and telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. TeliaSonera helps people and companies communicate in an easy, efficient and environmentally friendly way. Our ambition is to be number one or two in all our markets, providing the best customer experience, high quality networks and cost efficient operations. TeliaSonera is also the leading European wholesale provider with a wholly-owned international carrier network. In 2011, net sales amounted to SEK 104 billion, EBITDA to SEK 36.9 billion and earnings per share to SEK 4.20. The TeliaSonera share is listed on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at www.teliasonera.com.
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