After warning that the economic slump is changing customer behaviour in several of its markets, TeliaSonera forecast that its revenues, in local currencies and excluding acquisitions, will be around the same level in 2009 as in 2008.
The Nordic operator also said that its capex-to-sales ratio is expected to be "somewhat lower" in 2009 than in 2008 and it added that capital expenditure may be reduced further if the economy continues to deteriorate.
TeliaSonera's revenues grew 12% in the first quarter of 2009 to 27.2 billion Swedish krona (3.32 billion US dollars) compared with the same period in 2008, but the company said that organic growth in local currencies was just 0.6%. source: TeliaSonera statement
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