TeliaSonera comments on alleged ambiguities regarding business partner in Nepal

Swedish daily Svenska Dagbladet on February 17 claims that TeliaSonera is unaware of the identity of one of the buyers in the divestment of TeliaSonera’s operations in Nepal. That is not correct. TeliaSonera has conducted extensive due diligence and background checks of companies and parties in this transaction, using both in-house and external expertise.

As stated in the press release from December 21, TeliaSonera will dissolve its economic interests in the 20 percent local ownership. Axiata’s chosen local partner is Nepalese citizen Mrs. Bhavana Singh Shrestha, the wife of the businessman Satish Lal Acharya.

For further information on TeliaSonera’s divestment in Nepal, please read:
http://www.teliasonera.com/Documents/Presentations/2015/Divestiture%20of%20Ncell%20Dec%202015.pdf

http://www.teliasonera.com/en/newsroom/press-releases/2015/12/teliasonera-divests-its-holding-in-ncell/