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  "documentTitle": "TeliaSonera AB (TLSN)",
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  "authorName": "Muddy Waters",
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  "presentationDate": "2015-10-15 00:00:00",
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  "notes": "This page appears to be part of a larger investigative report or shareholder activist document, focusing on corporate governance and transparency issues.",
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      "text": "The loan appears to be non-performing, a disturbingly frequent occurrence among TeliaSonera’s counterparties in Eurasia and Nepal.",
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      "text": "Also in 2012, TeliaSonera teamed with Visor Group to acquire KazTransCom, a Kazakh fiber optic network operator also owned by potentially problematic partners. TeliaSonera funded Visor's purchase with a SEK 182.5 ($22.5 million) loan...",
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      "text": "TeliaSonera acquired several Kazakh WiMAX service providers in 2012 and 2013 from potentially problematic parties for over SEK 1.703 billion ($210 million). By late 2013 TeliaSonera's new management had written off most of the “WiMAX operation in Kazakhstan”...",
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      "text": "TeliaSonera UTA's 2013 Annual Report. Shresta's collateral for the loan was his ownership stake in NCell, which TeliaSonera cannot own according to Nepalese law.",
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      "text": "“As a condition precedent to Sonera’s purchase of the participatory interests in KazNet, KazNet will acquire two limited liability partnerships in Kazakhstan, namely Aksoran LLP (“Aksoran”) and Instaphone LLP (“Instaphone”). Aksoran and Instaphone each holds certain radio frequency permits that are capable of being deployed for the operation of a WIMAX business in Kazakhstan. Once formed, the KazNet group will own and operate a WIMAX business in Kazakhstan...” — Kcell Prospectus, page 58.",
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