
Swedish Telecom Took Shortcut in Central Asia
When Swedish telecom giant TeliaSonera announced its expansion into Uzbekistan in 2007, the company seemed poised for massive success. It was in its 5th consecutive year of international deal-making, which meant breaking out of the narrow confines of the Scandinavian market and into the vast untapped markets of Central Asia and the Caucasus. Large and undeveloped, Uzbekistan promised years of lucrative growth, with first-year revenue alone projected to be $26 million.
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