Tuesday, 03 November 2015 12:44
OSLO: Norwegian telecoms company Telenor said on Tuesday a provision announced by international telecoms group VimpelCom, of which Telenor owns 33 percent, increased the firm’s concerns.
“Telenor Group sees VimpelCom’s announcement today as a serious development that significantly increases our concerns in relation to the potential outcome of the still ongoing investigations,” Telenor said in a statement.
VimpelCom said on Tuesday it will take a provision of $ 900 million in relation to an ongoing investigation by US and Dutch authorities into its business in Uzbekistan.
