Telia sells Tajik operations to Aga Khan’s development fund — Nasdag com

The Cofisac packaging factory in Senegal.-Gaël Turine  -AKDN

STOCKHOLM, April 26 (Reuters) – Nordic telecom operator Telia Company <TELIA.ST> has agreed to sell its Tajik operations to the Aga Khan Fund for Economic Development, taking a step closer to withdrawing from its troubled Central Asian business. Telia said it had sold its 60 percent stake in Tajik operator Tcell to the development fund founded by the Aga Khan, a businessman and spiritual leader of the Ismaili Muslims

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As an international development agency dedicated to promoting entrepreneurship and building economically sound enterprises in the developing world, the Aga Khan Fund for Economic Development (AKFED) often works in parts of the world that lack sufficient foreign direct investment. AKFED operates as a network of affiliates with more than 90 separate project companies employing over 47,000 people. It had revenues of US$4.1 billion in 2015, but because of its development ethos, it reinvests all profits in further developmentMore



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