Home › MTS agrees to pay USD 850 mln to settle Uzbekistan bribery charges
 

Keywords :   


MTS agrees to pay USD 850 mln to settle Uzbekistan bribery charges

2019-03-07 09:36:00| Telecompaper Headlines

(Telecompaper) Russian operator MTS has agreed to pay USD 850 million to settle a case brought by the US over alleged bribery in obtaining licences for MTS Uzbekistan. MTS set aside a provision for the payment already in Q3 2018 and also agreed with the US Department of Justice and SEC to improve its internal controls and compliance checks to prevent future corruption. 

Tags: pay usd charges agrees

Category:Telecommunications

Latest from this category

All news
23.04Google Cloud Next 24 Highlights
22.04HIMSS 24 Healthcare IT Conference Hot Topics from AI to Partner Alliances
Telecommunications »
24.04US Senate passes bill that could see TikTok banned
24.04Government cancelled plans to test free childcare rollout, says watchdog
24.04Pensioners' fears over income tax burden
24.04The women-only co-working spaces fighting to survive
24.04Spotify turns up volume to make record profits
23.04Tesla profits nosedive as more job cuts announced
23.04Global Halal Cosmetics Market To Grow by Over $50 Billion in 2030: Research and Markets
23.04iBeauty Brands Acquires Voloom
More »