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“Integrity requires, among other things, honesty and candidness. And to stand by what you say. Integrity also means a commitment to do the right thing. It means acting in line with both the form and spirit of laws, regulations and our policies.”

-TeliaSonera Code of Ethics-

THE RIGHT THINGS

We gave our Nordic partners our best efforts. We sought and found ways to create great value, ways to protect all stakeholders’ interests. We earned honesty, fairness and our promised incentive compensation.

Sonera Corporation, then controlled by the Republic of Finland, engaged and encouraged our Sonera U.S. team to create value in the U.S. Our US based team worked hard. We made good things happen. We found ways to create business opportunities and gains of $1.6 billion in the United States for Nordic government controlled Sonera. We found ways to respect our Nordic partners and add great value. We did the “Right Thing.” We earned the promised 3% share of the fruits of our labors.

Then the fight started!

Our Nordic partners claim 100% of the gains we delivered. They seized our small 3% share of gains exceeding $1.6 billion. They also seize all earnings on our share of those gains.

Sonera’s Management and Board of Directors unreasonably delayed promised incentive schemes. They sought advice and guidance from outside experts. They talked to political leaders. Finally, following more than 18 months of debate and delay, they forced our money-winning unit into a worthless incentive scheme. That scheme gave us no opportunity to share in the fruits of our labors. Then they established retroactively priced incentive schemes for three money-losing units.

Delays and politics are at the heart of the problem. The process of getting Nordic “noses aligned” to support promised incentive schemes dragged on and on well beyond the date when we delivered great results. That made retroactively granting our team a share of those results politically risky. So, Nordic leaders switched us to a new and already worthless incentive scheme. When we complained, they terminated us. Then they gave three money losing business units’ retroactively priced incentive schemes. Finland removed Sonera’s Board of Directors following public criticism of those schemes. The following year, Sonera merged with Telia to form TeliaSonera. Today, TeliaSonera is majority owned and controlled by the governments of Sweden and Finland.

There is no question of unjust enrichment. Our team added great value, gains not losses. We added value equal to the value added by 22,000 Fins working for an entire year. Sweden and Finland will ultimately use their share of those gains to provide health care, unemployment pay, college degrees, and other benefits to their citizens. The gains we created will pay for one year of medical care for more than 500,000 Swedes and Finns; or more than 900,000 months of Nordic unemployment compensation; or a four-year college education for more than 20,000 Swedes and Finns. Yet, If Nordic leaders have their way, no American, not one member of our team, our families, or any other U.S. citizen will ever benefit from any of our hard work and great success in the United States.

We earned our incentive pay many times over. We delivered great gains for all of our fellow stakeholders. As agreed, we earned a small share of the value we added. We earned medical, education, retirement and other benefits represented by our small stake in a great success. Now, we are working hard to secure those benefits as well as fairness and justice for our families and for all Americans.

Please Read, Evaluate, & Vote for Honesty, Fairness, & Justice. Thank You.