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UPDATE 1-Norway's Telenor suspends two executives over Vimpelcom probe

2015-11-12 00:30:13| Telecom - Topix.net

Norwegian telecoms group Telenor said on Wednesday it has suspended two executives, including its chief financial officer, over a probe into the handling of affiliate Vimpelcom's entry into Uzbekistan. Vimpelcom, in which Telenor owns a 33 percent stake, is under investigation by police in Norway, the Netherlands, Switzerland and the United States over payments made in connection to securing a network operating licence in Uzbekistan.

Tags: update probe executives telenor

 

Telenor suspends CFO, lawyer, Dtac head and Russian head

2015-11-11 23:15:00| Telecompaper Headlines

(Telecompaper) Telenor said that, as a result of the external review by Deloitte of the group's handling and oversight of its minority ownership in VimpelCom, it has temporarily relieved CFO Richard Olav Aa and General Counsel Pal Wien Espen of their responsibilities. It has taken the same measure with its former nominees to the VimpelCom executive committee, Fridtjof Rusten, who is CFO at Telenor's Thai subsidiary Dtac, and Ole Bjorn Sjulstad, who is head of Telenor Russia.

Tags: head russian lawyer cfo

 
 

Telenor cuts ties with ex-CEO Baksaas over Vimpelcom probe

2015-11-09 01:00:00| Total Telecom industry news

Vimpelcom swings to $1 billion third quarter net loss due to Uzbekistan provision.

Tags: cuts ties probe telenor

 

Telenor worried as Vimpelcom makes $900m Uzbekistan provision

2015-11-03 01:00:00| Total Telecom industry news

Russian company says it cannot be certain of outcome or final cost of ongoing corruption probe.

Tags: makes provision uzbekistan worried

 

Telenor chairman Aaser resigns after disagreement with state

2015-10-30 11:24:00| Telecompaper Headlines

(Telecompaper) Telenor's chairman Svein Aaser has resigned, effective immediately, following a disagreement with the company's largest shareholder, the Norwegian state. Aaser has served as chairman of Telenor since May 2012. Aaser said in a statement that he had "different views on the handling of the VimpelCom issue" than the Norwegian ministry responsible for managing the Telenor stake. Telenor recently announced that it plans to sell its minority stake in Russia-based Vimpelcom. Aaser said he assessed his own position as part of the review of Telenor's ownership in Vimpelcom. ""VimpelCom has been under investigation for several years, and this has been challenging for Telenor," Aaser said. "I would like to emphasize that it is VimpelCom that is under investigation and that Telenor has fully cooperated with investigating authorities as a witness. The company continues to await the outcome of the investigation."

Tags: state chairman disagreement resigns

 

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