TeliaSonera Posts Steady Q108 Growth In CEE

April 2008 | Company Finance Alert

TeliaSonera has reported better than expected financial and operating results for Q108 on the back of steady growth experienced by its Central and Eastern Europe (CEE) operations, including affiliated businesses in Turkey and Russia. Consolidated net sales grew by 7.4% year-on-year (y-o-y) to SEK24.398bn, while EBITDA rose by 2.3% to SEK7.755bn and net income grew by 8.9% to SEK4.992bn. On the back of the financial results alone, the company's share price has appreciated markedly and will encourage France Telecom to continue looking at the possibility of buying TeliaSonera, as has already been reported.

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