22.05.2006 18:54:00
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Anders Igel and Erdal Durukan Elected to Turkcell Board; TeliaSonera Objects to Independent Members Election
During the General Assembly TeliaSonera voted for the election ofthe TeliaSonera and Cukurova nominees but objected to the election ofthe other three board members basically due to lack of provenindependence.
"We persevere that there should be an agreement in the TurkcellHolding Board on the nomination of the entire Board of Turkcell andthat two out of the three remaining members should be trulyindependent according to the US Securities and Exchange Commission'sguidelines. This is the only way to secure good corporate governance,"concludes Anders Igel.
TeliaSonera will continue to take all the necessary steps toensure the application of good corporate governance principles inTurkcell and to protect TeliaSonera's legal rights.
TeliaSonera is the leading telecommunications company in theNordic and Baltic regions. At the end of December 2005 TeliaSonera had19,146,000 mobile customers (69,887,000 incl associated companies) and7,064,000 fixed telephony customers (7,688,000 incl associatedcompanies) and 2,263,000 internet customers (2,331,000 incl associatedcompanies). Outside the home markets TeliaSonera has extensiveinterests in the growth markets in Russia, Turkey and Eurasia.TeliaSonera is listed on the Stockholm Stock Exchange and the HelsinkiStock Exchange. Net sales January-December 2005 amounted to SEK 87.7billion. The number of employees was 28,175.
Forward-Looking Statements
Statements made in the press release relating to future status orcircumstances, including future performance and other trendprojections are forward-looking statements. By their nature,forward-looking statements involve risk and uncertainty because theyrelate to events and depend on circumstances that will occur in thefuture. There can be no assurance that actual results will not differmaterially from those expressed or implied by these forward-lookingstatements due to many factors, many of which are outside the controlof TeliaSonera.
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