TeliaSonera comments on open letter to the Board
Today an open letter addressed to the TeliaSonera Board has been published by a US based fund in which it claims to be short in the TeliaSonera stock. The fund directs serious criticism towards the company. TeliaSonera does not recognize the conclusions and makes the following statements today:
- As previously reported TeliaSonera fully cooperates with ongoing investigations in Sweden, the Netherlands and the United States. TeliaSonera is as open and transparent as possible with respect to listing requirements and the investigations.
- TeliaSonera has of today not received any claims from US authorities. It is only if and when any claims materializes that it is possible to make any provisions in the financial statements.
- TeliaSonera’s financial statements are in accordance with International Financial Reporting Standards (IFRS). They are audited by Deloitte in accordance with International Auditing Standards IAS and TeliaSonera has received unmodified audit opinions 2014.
TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication 2.15 p.m. CET on October 15, 2015.
For more information, please contact the TeliaSonera press office +46 771 77 58 30, email@example.com, visit our Newsroom or follow us on Twitter @TeliaSoneraAB.
Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera.
TeliaSonera provides network access and telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. TeliaSonera helps people and companies communicate in an easy, efficient and environmentally friendly way. Our ambition is to be number one or two in all our markets, providing the best customer experience, high quality networks and cost efficient operations. TeliaSonera is also a leading wholesale provider who owns and operates one of the world’s most extensive fiber backbones. In 2014, net sales amounted to SEK 101.1 billion, EBITDA to SEK 35.2 billion and earnings per share to SEK 3.35. The TeliaSonera share is listed on Nasdaq Stockholm and Nasdaq Helsinki. Read more at www.teliasonera.com.