Today’s statement of TeliaSonera says that the Company will increase focus on its Regions Europe and Sweden within the strategy of creating the new TeliaSonera: the process has been initiated in order to reduce the presence in Region Eurasia and over time fully leave.
At that, the Company is sure that Eurasia’s markets are profitable and sustainable, but it is important to enter markets in a correct way.
“Thanks to two years of hard work to improve the Eurasian operations, not least from a corporate governance and sustainability perspective, we now have better and more well-managed companies which we believe others can successfully develop further. We realise that this will be a complex task that will take time. We are conducting this process market by market as each country and operation has its unique situation, but the ambition is to eventually leave the entire region,” TeliaSonera’s President and CEO Johan Dennelind said.
It should be noted that authorities in Sweden, Norway, Switzerland, the Netherlands and the United States are investigating a TeliaSonera deal in Uzbekistan which led to the chief executive stepping down and most board members being replaced in 2013.
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