Ismaili.NET - Heritage F.I.E.L.D.

* Telia sells Tajik stake * Says sees lower Uzbek settlement, at $1 bln * Q1 earnings in line with forecasts (Adds CEO comment, detail, shares) STOCKHOLM, April 26 (Reuters) - Nordic telecom operator Telia Company 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 Company sells 60% stake in Tajikistan operator Tcell for $39m to 40% owner Aga Khan Fund for Economic Development

Read more: Telia Tcell Akfed AKDN Tajikistan Ncell Axiata

The Aga Khan Fund for Economic Development (Akfed) has added another telecoms operator to its portfolio by buying Telia Company’s 60% stake in Tajikistan operator Tcell. Akfed already owned the other 40% and is paying just $39 million for the rest.

Akfed owns Afghanistan’s Roshan mobile operator, which in turn also owns Smart Telecom, with businesses in east Africa.