The European Commission announced on Friday that it would open an investigation into the largest Swedish telecom company’s latest potential acquisition over monopoly concerns.
A Stockholm district court acquitted the former chief executive and two senior managers of telecommunications giant Telia Company of bribery charges stemming from the company’s expansion into Uzbekistan.
Nordic telecommunications firm Telia Company will pay the U.S. Department of Justice, U.S. Securities and Exchange Commission and Dutch and Swedish regulators US$ 965 million to resolve bribery allegations previously investigated by OCCRP in 2015.
More than a million people were forced to work on cotton fields in Uzbekistan during last year’s harvest season under harsh conditions in which 17 people died, according to a damning report by a rights group.
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