TeliaSonera sales dip 2.5% to SEK 104.35 billion in 2011

By Telecom Lead Team: Mobile major
TeliaSonera has posted 2.5 percent drop in sales to SEK 104.35 billion in 2011
from SEK 106.97 billion in 2010.

Net income in 2011 decreased 13.7
percent to SEK 18.34 billion from SEK 21.25 billion in 2010.

Free cash flow decreased to SEK
9.629 billion from SEK 12.90 billion, mainly due to higher cash CAPEX and lower
dividends from associated companies.

The fourth quarter marks the end of
another strong year for TeliaSonera. We are proud that we have been able to
generate growth and keep a healthy balance between revenues and costs and
thereby improved our EBITDA margin, excluding non-recurring items, for the third
consecutive year,” said Lars Nyberg, president and CEO, TeliaSonera.

In 2011, TeliaSonera invested more
than SEK 17 billion in networks and licenses. The roll-out of 4G services will
continue. In Sweden, 4G services now cover 200 locations and will expand by one
city or village every day during 2012. After the launch of 4G tablets before
Christmas the company will offer 4G handsets in the first quarter.

In the fourth quarter, TeliaSonera
has more than half a million TV customers in Sweden. Yoigo in Spain passed 3
million subscribers and reported positive EBIT and cash flow. Ncell in Nepal
became the overall market leader and with Azercell’s 3G launch in Azerbaijan in
November it now provides 3G services in all Eurasian markets.

During Q4, the number of subscriptions
increased by 2.4 million in the consolidated companies and by 3.3 million in
the associated companies. The total number of subscriptions was 170.0 million.

TeliaSonera will continue to look
for opportunities within or neighboring its existing footprint.

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