Earlier this month Telia said that it had agreed to sell its stake in Azerbaijan mobile operator Azercell to state-owned Azintelecom for the equivalent of SEK 2.2 billion. The price raises questions, according to SvD, which notes that Telia valued its stake in Azercell at SEK 6.4 billion in 2008, one year after making the acquisition.
The newspaper suggests there is an “extensive risk of corruption” associated with the deal. Sources are comparing it with one made in Uzbekistan: Telia last year paid penalties of SEK 7.7 billion to US and Dutch authorities to resolve an investigation into corrupt payments involving telecom contracts in Uzbekistan (ed.). (SvD bus: 4)
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