European operator group TeliaSonera has posted a year on year decline in net revenue and net income for the full year 2013. Net sales for the year fell three per cent from SEK104.90bn in 2012 to SEK101.7bn in 2013. Net income dropped 20.8 per cent year on year, from SEK21.168bn in 2012 to SEK16.77bn in 2013. The firm cited the uncertain macroeconomic climate in many of the markets it operates in, regulatory effects and rapidly changing customer behaviour among the challenges it faced over the course of the year.
European operator group TeliaSonera has confirmed that it is the subject of an ongoing investigation by the US Department of Justice (DoJ) and has also been approached by the US Securities and Exchange Commission (SEC) relating to its operations in Uzbekistan.
European operator group TeliaSonera has announced that two of its Dutch holding companies, TeliaSonera UTA Holding and TeliaSonera Uzbek Telecom Holding, are subject to a preliminary investigation concerning bribery and money laundering. The firm said that its operations in Uzbekistan are among the holdings of the entities.
Sonera, the Finnish arm of operator group TeliaSonera, has agreed to acquire the consumer operations and fixed network business of Finnish communications provider AinaCom for €47m.
European operator group TeliaSonera has announced the restructure of its executive management team following the dismissal of four senior executive members announced earlier this month.
European operator group TeliaSonera has announced that four senior employees have left the firm as a consequence of some of its transactions “not being in line with sound business practices”. CFO Per-Arne Blomquist will leave his position effective immediately as will Tero Kivisaari, the former head of the operator’s Eurasia region. The other two employees to leave were not named by the firm.
Swedish operator group TeliaSonera has suffered a slight decline in revenue for 3Q13. However, this was offset by cost cutting measures which saw the firm decrease its cost base by 3.9 per cent. As a result, although net sales fell to SEK25.4bn ($3.97bn), profit rose to 15.1 per cent to SEK 4.64bn, up from SEK4.03bn in 3Q12.
Swedish operator group TeliaSonera’s president of business area mobility services Tero Kivisaari has agreed to leave his role due to his involvement in a corruption scandal affecting the carrier’s operations in Uzbekistan. Sverker Hannervall has been appointed acting president of business area mobility services, although Kivisaari will not exit the company, instead taking on other duties in the group.
Vice president, Mobile System Development, Nordic and Baltics, TeliaSonera: “4G roaming is a clear requirement from our customers”
Following the successful LTE Awards 2013, we speak to Tommy Ljunggren, vice president, Mobile System Development, Nordic and Baltics, TeliaSonera about the company’s win for its 4G roaming service in the Best LTE Roaming Product or Service category.
European operator group TeliaSonera’s International Carrier division has signed an LTE roaming peering agreement with roaming services provider iBasis. The two companies plan to interconnect their diameter signalling and data hubs.
European mobile operator group TeliaSonera has announced the appointment of CEO of South African operator Vodacom International Johan Dennelind as its next president and CEO.
Swedish operator group TeliaSonera has announced that its Spanish subsidiary Yoigo will launch LTE services in July. In doing so, it will become the first in Spain to offer 4G services.
This week US operator Verizon reported a net profit of $1.95bn for the first quarter of 2013, a 16 per cent year on year increase compared with the $1.69bn generated in 1Q12. The firm’s first-quarter revenues hit $29.4bn, marking a 4.2 per cent increase on 1Q12.
Nordic mobile operator TeliaSonera claimed on Monday to be the first European telco to launch a shared data package, allowing families or other group customers to connect multiple devices to one subscription and share the data bucket.
Russian operator MegFon began trading today on the London Stock Exchange ahead of its listing on December 3, 2012. The firm raised £1.1bn ($1.7bn) in its IPO, the largest new capital raised by a telecommunications company in London since Orange in 2001, according to the London Stock Exchange.
Lars Nyberg, the president and CEO at Swedish operator group TeliaSonera, has announced that he will be investing $2m of his own money in the initial public offering of shares in Russian operator MegaFon. Nyberg, who is a member of the board of directors of MegaFon, will purchase the shares at the offer price.
Swedish operator group TeliaSonera has implemented a platform to strengthen its M2M offering in the Nordic and Baltic markets. The operator has deployed Swedish vendor Ericsson’s Device Connection Platform which will enable it to deploy and manage large volumes of mobile subscriptions and provide flexibility to its M2M partners and customers.
Swedish operator group TeliaSonera will slash approximately 2,000 jobs, representing seven per cent of its total workforce. The announcement was made as the firm announced its earnings from the quarter ending September 2012, in which it saw net sales decrease 3.2 per cent to SEK 25.8bn ($3.9bn).
CEO of Swedish operator group TeliaSonera Lars Nyberg has been given a vote of confidence from the firm’s board, amid allegations of corruption and bribery. The Committee on Industry and Trade of the Swedish Parliament is currently investigating TeliaSonera’s purchase of a telecom license in Uzbekistan from Gibraltar-based company Takilant, which served as the operator’s local partner when the Nordic telecom firm established operations in 2007.
Håkan Dahlström, TeliaSonera’s president of mobility services, has been ousted from his role. The Nordic operator’s President and CEO Lars Nyberg said in quite a pointed statement that Dahlström’s departure was necessary for the firm to evolve its mobile business.