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Sweden's TeliaSonera Q3 profit up 6 pct

Sweden's TeliaSonera Q3 profit up 6 pct

Nordic telecommunications operator TeliaSonera AB on Wednesday posted a 6 percent rise in third-quarter net profits, partly thanks to a jump in subscription numbers.
The group, headquartered in Stockholm, said net profit in the July-September period increased to around 5 billion kronor ($723 million) from about 4.8 billion kronor a year earlier.
Revenue for the quarter came to 27.1 billion, up from 25.8 billion in the third quarter in 2008. The number was boosted by an increase in subscribers _ they rose by 15.8 million to a total of 143.9 million.
In its outlook for 2009, the group said it expects sales _ in local currencies and not including any acquisitions _ to be in line with, "or slightly below" 2008. It also said it plans to continue to invest in future growth, where capital expenditures will mainly be done in broadband and mobile capacity as well as network expansion in the operations it has bought.


Updated : 2021-07-24 05:04 GMT+08:00