Telia has reached a settlement with U.S. and Dutch authorities over its dealings in Uzbekistan that will see it pay a financial penalty approaching US$1 billion.
The Sweden-based telco group will pay fines and disgorgements to the U.S. Department of Justice (DoJ), the Securities and Exchange Commission (SEC) and the Dutch Public Prosecution Service totalling $965 million after the various authorities ruled that its conduct in Uzbekistan contravened international corrupt practices legislation…read more on TotalTele.com »