Information on investigations at TeliaSonera’s Kazakh operator Kcell
- 2014-09-29 06:00 UTC
Today Kcell’s board announced that initial investigations have revealed that a number of the Company’s external supplier contracts were entered into in breach of the Company's own internal policies and procedures. To date there has been no indication that any of the matters under investigation will have any material effect on the Company's balance sheet or on its results of operations. The content of the announcement can be viewed as a concrete result of TeliaSonera’s expressed focus on strengthening the corporate governance and internal control of its majority-owned Eurasian operations.
Kcell is listed on the stock exchanges in London and Almaty. See Kcell’s site at www.investors.kcell.kz/en for more information.
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 operate one of the world’s most extensive fiber backbones. In 2013, net sales amounted to SEK 101.7 billion, EBITDA to SEK 35.6 billion and earnings per share to SEK 3.46. The TeliaSonera share is listed on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at www.teliasonera.com.