Nordic telco TeliaSonera’s fourth quarter profits rose by 31% as a result of lower one-time costs due to previous acquisitions and positive exchange rate effects. The Stockholm-based group had one-time costs of SEK3.78 billion (USD489 million) in the year-earlier quarter from writing down the value of assets, shedding jobs and returning a Danish mobile licence. The company’s net income increased to SEK2.73 billion (USD354 million) from SEK2.09 billion (USD270 million) a year earlier. 4Q revenues climbed 7.6% year-on-year to SEK22.9 billion (USD2.96 billion). TeliaSonera is cutting costs, lowering prices and seeking acquisitions abroad to offset the effects of regional competition from Tele2, Elisa, TDC, Telenor and others in the saturated Nordic market. It added a total of 1.2 million new customers at its majority-owned operations in 4Q05, with the biggest additions coming from broadband, mobile and wholesale operations; it also added 3.6 million new clients at associate companies.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors