After two other major companies reached settlements, the largest mobile phone company in Russia, MobileTeleSystems, is now caught up in U.S. investigations of its operations in Uzbekistan.
MTS said in its Nov. 20 quarterly financial report that it is cooperating with investigations by the U.S. Securities and Exchange Commission and the U.S. Department of Justice, and it has set aside more than $840 million as its potential liability. The funds set aside caused the company to report a third quarter loss.
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