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Uzbekistan settlement to cost Telia close to $1bn

2017-09-22 02:00:00| Total Telecom industry news

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 »

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Concerns over ILO Uzbekistan cotton monitoring mission

2017-09-15 14:47:00| Daily apparel & textile news and comment - from just-style.com

As the annual cotton harvest gets underway in Uzbekistan, the group representing US apparel and footwear retailers and importers has expressed its concerns over the International Labour Organization's (ILO) monitoring mission in the country on behalf of the World Bank.

Tags: mission concerns monitoring cotton

Veon names new CFO, warns of earnings hit in Uzbekistan

2017-09-15 02:00:00| Total Telecom industry news

Veon on Friday revealed that it will welcome a new CFO later this year in Trond Westlie, a former Telenor finance chief, and warned that Uzbekistan's recent decision to devalue its currency will have a negative impact on its revenues and earnings in the country to the tune of hundreds of millions of dollars…read more on TotalTele.com »

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Amec Foster wins technology contract for gas-to-liquid plant in Uzbekistan

2017-08-14 01:00:00| Hydrocarbons Technology

Amec Foster Wheeler has secured a contract to deliver hydrogen plant technology and design and Terrace Wall steam reformer technologies for Uzbekneftegaz National Holding Companys OLTIN YOL GTL (gas-to-liquid) plant in the Kashkadarya Region of Uzb

Tags: technology contract plant foster