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TeliaSonera to exit Eurasia operations

2015-09-17 08:51:00| Telecompaper Headlines

(Telecompaper) TeliaSonera has announced plans to exit its operations in Eurasia and increase its focus on its regions Europe and Sweden. The decision follows long-running allegations of corruption in how it was awarded licences in some countries in Eurasia. The company's own investigation in 2012-2013 found several shortcomings in corporate governance and led to a complete overhaul of its management. TeliaSonera said it had made significant progress in corporate governance and sustainability in Eurasia in the past two years, and it still sees an opportunity to do both profitable and sustainable business there. However, it noted that it's "important to enter markets in a correct way". Exiting the region will take time, and each country operation will be assessed individually. The Eurasia region includes the activities in Nepal, Kazakhstan, Uzbekistan, Azerbaijan, Georgia, Moldova and Tajikistan.   

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TeliaSonera to exit Eurasia operations

2015-09-17 02:00:00| Total Telecom industry news

Swedish operator will manage exit on a market-by-market basis; plans to focus on European operations going forward.

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Climate models disagree on strength of carbon land sink across northern Eurasia

2015-07-28 19:02:00| Climate Ark Climate Change & Global Warming Newsfeed

ScienceDaily: In a new assessment of nine state-of-the-art climate model simulations provided by major international modeling centers, Michael Rawlins at the University of Massachusetts Amherst and colleagues found broad disagreement in the amount of atmospheric carbon dioxide (CO2) annually sequestered in tundra and boreal ecosystems of Northern Eurasia, a vast, understudied region of the world. Rawlins also identified a trend among the nine models that shows the region's land carbon sink has been strengthening...

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TeliaSonera sees risks in Eurasia as profit drops

2015-07-17 11:05:08| Appliances - Topix.net

Sweden's main telecom operator TeliaSonera AB on Friday said it expects risks in Eurasia, one of its main growth regions, to increase this year and remain challenging but for the overall earnings trend to improve somewhat in the second half of the year. Net profit at the Stockholm-based firm fell 8.2% to 3.26 billion Swedish kronor from SEK3.55 billion in the same period a year ago, undershooting a median forecast for SEK3.66 billion according to analysts polled by FactSet.

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Eurasia to challenge TeliaSonera in 2H

2015-07-17 02:00:00| Total Telecom industry news

Swedish telco published Q2 numbers, sticks with full-year guidance.

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