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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Friday, July 24, 2009

TeliaSonera Cuts Capex

TeliaSonera said that its net sales, stripping out the impact of currency movements and acquisitions, fell almost 1% year on year in the second quarter to 27.48 billion Swedish krona (3.68 billion US dollars).

For calendar 2009, TeliaSonera said it now expects net sales in local currencies and excluding acquisitions to be in line with or slightly below the level of 2008, while capex will be in the range of 13% to 14% of sales, compared with 15% the previous year. source: TeliaSonera statement

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