Muddy Waters · shareholder-letter
TeliaSonera AB (TLSN)
37 pages · 4 arc beats · 2 loops
TeliaSonera AB (TLSN)
Muddy Waters · 2015-10 arc beats above · slides in the middle · loops below · scroll → 2 LOOPS
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Deck intelligence map
4 coverage by narrative range · generated from this deck JSON
Narrative range 22 total
Metadata
Components
Metrics
Tools
Frameworks
Beats
Loops
The Monster 5 slides 100% 5/5 slides 100% 5/5 slides · 38 hits — 0/5 slides
40% 2/5 slides 60% 3/5 slides 100% 5/5 slides 40% 2/5 slides The Struggle 10 slides 100% 10/10 slides 100% 10/10 slides · 71 hits — 0/10 slides
— 0/10 slides
80% 8/10 slides 100% 10/10 slides 70% 7/10 slides · 11 hits The Call 5 slides 100% 5/5 slides 100% 5/5 slides · 31 hits — 0/5 slides
20% 1/5 slides · 2 hits 60% 3/5 slides 100% 5/5 slides — 0/5 slides
The Victory 2 slides 100% 2/2 slides 100% 2/2 slides · 4 hits — 0/2 slides
— 0/2 slides
— 0/2 slides
100% 2/2 slides — 0/2 slides
Slide inventory
37 every slide · same image gating as the playbook
01
This is the first page of a 37-page shareholder letter/short report.frame_problem
Open slide detailBeat · The Monster
02
This is a text-heavy page from a shareholder letter, likely an activist investor document.expose_contradiction
Open slide detailBeat · The Monster
03
This is a shareholder letter page outlining a list of demands to the board/management.state_demand
Open slide detailBeat · The Monster
04
The text discusses corruption allegations involving TeliaSonera, citing specific financial figures and contrasting executive statements with external perspectivexpose_contradiction
05
This page is part of an activist investor letter, specifically focusing on governance and transparency failures.expose_contradiction
06
This is a page from an activist investor letter (likely Muddy Waters or similar) exposing corporate malfeasance.expose_contradiction
07
This is a page from an activist investor letter (likely Elliott Management) critiquing TeliaSonera's financial reporting practices.expose_contradiction
08
The text highlights a discrepancy between accounting standards (IFRS 3/IAS 39) and the company's reported financial treatment of a put option.expose_contradiction
09
The text uses specific case studies (Skytel, MCT) to illustrate the 'villain' (Karimova) and the systemic risk of operating in Uzbekistan.cite_precedent
10
This page is part of a shareholder letter/activist report, focusing on financial and legal risks.diagnose_problem
11
This is a page from an activist investor letter (likely Muddy Waters or similar) criticizing corporate governance.name_villain
12
This is a highly critical shareholder letter excerpt targeting management's competence and ethical judgment.name_villain
13
The slide serves as a legal/investigative disclosure detailing corporate malfeasance.expose_contradiction
Open slide detailBeat · The Struggle
14
The slide contains extensive footnotes documenting legal and investigative sources regarding the TeliaSonera-Takilant transactions.expose_contradiction
Open slide detailBeat · The Struggle
15
The slide contains a mix of English narrative, a Swedish quote with its English translation, and extensive footnotes detailing financial transactions and sourceexpose_contradiction
Open slide detailBeat · The Struggle
16
This page appears to be part of an investigative report or forensic audit regarding corporate governance and potential corruption.expose_contradiction
Open slide detailBeat · The Call
17
The slide functions as an investigative disclosure, highlighting corporate governance concerns through specific financial data points and footnotes.expose_contradiction
Open slide detailBeat · The Call
18
This page appears to be part of a larger investigative report or shareholder activist document, focusing on corporate governance and transparency issues.appendix
Open slide detailBeat · The Call
19
This page serves as a disclosure/evidence page for a shareholder letter, focusing on investigative journalism reports regarding corruption.expose_contradiction
Open slide detailBeat · The Call
20
This page serves as a narrative disclosure/appendix detailing the historical context of TeliaSonera's operations in Azerbaijan.summarize
Open slide detailBeat · The Call
21
The slide serves as a case study of corporate governance failure and potential corruption involving the Aliyev family and TeliaSonera.expose_contradiction
22
The slide functions as a forensic breakdown of a controversial transaction, using footnotes to substantiate claims of corruption and financial irregularity.expose_contradiction
23
The slide documents potential corruption or irregular corporate governance regarding the privatization of Azercell.expose_contradiction
24
The slide highlights inconsistencies between annual reports and financial statements regarding sales considerations and debt obligations.expose_contradiction
25
This is a highly accusatory slide focusing on corporate governance and corruption allegations.expose_contradiction
26
The slide uses a 'red flags' column to frame financial transactions as evidence of corruption.expose_contradiction
27
The table serves as evidence of financial irregularities and potential corruption involving TeliaSonera and government officials.expose_contradiction
28
The table serves as evidence of potential corruption or mismanagement, highlighting patterns of shell companies, undisclosed agreements, and overpayment.expose_contradiction
29
The slide functions as a forensic audit or 'villain critique' of past management decisions.expose_contradiction
30
The table lists specific transactions in Georgia and Russia, their costs in USD and SEK, and the associated controversy.expose_contradiction
31
The table uses 'X' marks to indicate the presence of specific red flags across different transaction categories.expose_contradiction
32
The table appears to be an evidence matrix documenting potential corruption or financial irregularities.expose_contradiction
33
The table appears to be a fragment of a larger dataset, showing specific deal values and 'X' markers for unknown categories.analyze_data
34
Includes specific assumptions regarding Eurasia asset sales, FCPA fines, and net debt adjustments.show_valuation_bridge
35
The slide provides a detailed breakdown of Net Sales and EBITDA by region, followed by a justification for the EV/EBITDA multiples used in the valuation.show_valuation_bridge
36
The slide contains three distinct sub-tables, one for each company.compare_peers
Open slide detailBeat · The Victory