TeliaSonera CEO Johan Dennelind today said the telecom operator will be spending SEK 17 billion or $2 billion as Capex (capital investment) in 2015.
“We have high ambitions for the future and in 2015 we will execute on our investment plans to drive growth and strengthen long term competitiveness. This involves a further push for fiber in Sweden, new B2B solutions and upgrade of networks across our footprint. We will step up the pace in our business transformation, which is necessary in order to reduce complexity and bring down cost,” Dennelind added.
TeliaSonera said its Q4 2014 revenue increased 0.2 percent to SEK 26,606 million or $3.2 billion. Service revenues decreased 2.2 percent.
Net income of TeliaSonera increased 34.2 percent to SEK 2,938 million.
Revenue of TeliaSonera decreased 0.8 percent to SEK 101,060 million. Service revenues decreased 1.0 percent.
Net income of TeliaSonera fell 3.1 percent to SEK 14,502 million.
TeliaSonera said its 4G LTE network in Sweden covers more than 99 percent of the population. Its mobile service revenue growth improved to nearly 2 percent, supported by increase in data usage. 4G traffic surpassed 3G. Its fiber network reached more than 1.1 million households in Sweden.