- The chairman at state-owned Telenor (OTCPK:TELNY -0.2%), Svein Aaser, has been fired after losing the trust of Norway's Industry Minister.
- In a statement, the minister, Monica Maeland, said she lost confidence due to Telenor's handling of a corruption probe in Uzbekistan of VimpelCom (and Telenor's stake in that company).
- Government agencies have been investigating VimpelCom (VIP), among other companies, over bribes allegedly sent to business controlled by the daughter of Uzbek President Islam Karimov to secure wireless spectrum.
- Previously: Telenor -3.4% as it cuts outlook after failed merger (Oct. 28 2015)
- Previously: Telenor up 2.5% as it to plans to divest big stake in VimpelCom (Oct. 05 2015)
- Previously: U.S. telecom probe seeking to seize $1B in European assets (Aug. 13 2015)