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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.

Tuesday, October 26, 2010

Organic Growth for TeliaSonera

TeliaSonera said that its net sales, in local currencies and excluding acquisitions, in the third quarter increased 4.3% to 26.75 billion Swedish krona (3.97 billion US dollars).

Lars Nyberg, CEO, said: "Both Mobility Services and Eurasia are seeing accelerated growth compared to previous quarters, the former driven by mobile data and equipment sales and the latter by macroeconomic recovery and higher mobile penetration."

TeliaSonera said that its capital expenditures will be driven by continued investments in broadband and mobile capacity as well as in network expansion in Eurasia and it expects a capex-to-sales ratio of around 13.5% in 2010, compared with 12.8% in 2009. source: TeliaSonera statement

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