Contrarian Corpus
Muddy Waters vs. TeliaSonera AB

TeliaSonera AB · TLSN

1 deck published between 2015-10-15 and 2015-10-15 — 37 pages, 37 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2015-10-15 initial thesis

    2015 10 MW_TLSN_OpenLetter_10152015

    37pp · letter

    Short TeliaSonera: disclosed Uzbekistan bribery is only the tip — ~SEK 17bn of suspect Eurasia/Nepal payments plus a multi-billion DOJ FCPA settlement threaten the dividend and cut stub fair value to SEK 27-29.