Stormy Times For TeliaSonera

In recent years, TeliaSonera has bucked many of the trends observed among major European telecoms operators. While the Swedish-Finnish group has suffered from some familiar problems, namely slowing fixed-line growth in its core markets, its financial results have not stagnated in the same way as rivals such as Deutsche Telekom. BMI puts this down to two main factors; firstly, in Western Europe, TeliaSonera operates in affluent markets such as Sweden, Denmark, Finland and Norway, characterised by high spending levels and strong take-up of services such as broadband. Second, the group has expanded out of Europe's traditional boundaries, acquiring stakes in a number of operators in Turkey, Russia, Kazakhstan, Azerbaijan and Georgia.

To read the full article, please sign in or take a free trial.