TeliaSonera’s Chief Executive Lars Nyberg has handed in his resignation following criticism of the company’s investment in a telecom licence in Uzbekistan.

The move comes after TeliaSonera’s board agreed that criticism of the company’s activities in Uzbekistan is justified but noted that a company-inquiry had found no evidence of bribery or money laundering .

“Even if this transaction was legal, we should not have gone ahead without learning more about the identity of our counterparty. This is something I regret,” Nyberg said in a statement.

The Swedish telco has appointed Chief Financial Officer Per-Arne Blomquist as acting chief executive.

Other posts by :

1. EchoStar booms on SpaceX holding
2. Norway wants a satellite constellation
3. Crossroads backs AST SpaceMobile
4. FCC examines SpaceX’s 15,000 sat-constellation plan
5. EchoStar: “Severe uncertainty” led to spectrum sales
6. Netflix gets downgrade on Warner Bros move
7. UK trims Orbex investment
8. Euro-bank sets up €500m space fund
9. Revenue jump forecast for Eutelsat

Categories: Articles, People, Telco