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Skype

Industry: 
Telecommunications
Country: 
Luxembourg
Sources: 

"Luxembourg-based software company Skype, which is in registration for an initial public offering, has answered a subpoena from the Treasury Department seeking information about transactions involving Iran.

Silver Lake Partners, the tech-centric private equity firm that bought the majority share in Skype in 2009, was served an administrative subpoena in July, Skype said in a Nov. 2 filing with the Securities and Exchange commission. The little-noticed subpoena was first disclosed by the company in its August registration statement.

The Treasury’s Office of Foreign Assets Control, which enforces U.S. sanctions, requested information on transactions since 2005, including those related to call termination fees to an unnamed Iranian telecommunications provider, the company said." (Wall Street Journal, "Skype Answers Subpoena On Sanctions Investigation," 11/3/2010)