(Photo: Taneli Männikkö / Lehtikuva)
TeliaSonera, deeply shaken by a corruption scandal in Uzbekistan, is to withdraw from all central Asian countries as the Swedish telecoms company reverses course after heavy investor and public pressure.
Telia is facing investigations by the US Department of Justice and Swedish prosecutors into the corruption allegations, which led to a management and boardroom clear-out including the chief executive, chairman and finance director.
Johan Dennelind, chief executive for the past two years, said that Telia had worked hard to make sure its companies in Uzbekistan, Kazakhstan, Tajikistan, Azerbaijan, Moldova, Georgia and Nepal were better managed.
The original article can be found at www.ft.com