­Sweden's TeliaSonera has reiterated that it has full confidence in its CEO, Lars Nyberg following reports that the company is looking for a replacement in the wake of a bribery scandal that has engulfed the company.

"Lars Nyberg's current contract expires in December 2013. To find a replacement for a CEO of one of Sweden's largest corporations is a long process which the Board initiated before the current debate started," said Anders Narvinger, Chairman of the Board, TeliaSonera.

There had been a report overnight that the company's decision to start looking for a CEO at least 15 months before Lars Nyberg was due to retire indicated that the company expected to replace him sooner than originally expected.

The company has been accused of using bribery and money laundering via Gibraltar when it secured a 3G license and stake in the local mobile network in 2007.

The company denies the allegations, but has ordered an independent enquiry into the affair and said that it is reviewing its operations in Central Asian countries where legal and human right concerns are growing.