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TeliaSonera CEO steps down

2013-02-01 11:24:00| Telecompaper Headlines

(Telecompaper) TeliaSonera's CEO Lars Nyberg has stepped down, a day after delivering the operator's annual results and an independent report cleared the company of bribery allegations. Nyberg, who had earlier hinted he could leave before his term expires at the end of this year, said he was relieved that the report by law firm Mannheimer Swartling had not found anything to support the allegations over TeliaSonera's investments in Uzbekistan. At the same time he said he regretted the shortcomings identified in the report, which criticised the company for not investigating its local partner in Uzbekistan enough and possibly exposing the group to unethical activity. Nyberg said he was informed that there would be "significant changes to the composition of the board" after it received the Mannheimer Swartling report, and he no longer had the support of the board. As a result he has resigned after over five years as CEO. CFO Per-Arne Blomquist has been named acting CEO until a successor is found.

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TeliaSonera CEO quits

2013-02-01 01:00:00| Total Telecom industry news

Swedish telco appoints CFO Per-Arne Blomquist as acting chief executive.

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TeliaSonera adds 155,000 TV subscribers in 2012

2013-01-31 19:00:46| Digital TV News

Teliasonera has released its year-end report for the January-December 2012 period. The total number of TV subscriptions increased by 155,000 from the fourth quarter of 2011 and by 43,000 during the quarter to 1.3 million.

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TeliaSonera Q4 net profit up 35%, organic sales rise 1.8%

2013-01-31 09:17:00| Telecompaper Headlines

(Telecompaper) TeliaSonera reported a strong improvement in net profit and cash flow for the fourth quarter, while underlying sales growth was better than its earlier guidance. Net profit jumped 34.9 percent to SEK 6.88 billion, helped by a profit from selling shares in the Megafon IPO, and free cash flow surged to SEK 2.93 billion from SEK 552 million a year earlier, thanks to lower capex and changes in working capital. Adjusted EBITDA was still down 3.2 percent to SEK 8.97 billion, and revenues fell 0.7 percent to SEK 27.07 billion. Excluding currency effects and acquisitions, quarterly sales were up 1.8 percent and EBITDA was down 0.6 percent. TeliaSonera said all countries in Eurasia returned to positive revenue growth in the fourth quarter, while its mobile division benefited from higher equipment sales and better trends in service revenues in several markets. At the broadband division, growth in the fibre customer base accelerated towards the end of the year and customer satisfaction improved. Over the full year, organic revenue growth reached 1.2 percent, better than the operator's outlook of flat to 1 percent higher. The company maintained its dividend at SEK 2.85 per share. For 2013, the company forecast revenues in local currencies at the same level as last year and a small improvement in the adjusted EBITDA margin, helped by the ongoing restructuring announced last October.

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New asset freeze in TeliaSonera bribe probe

2013-01-22 15:16:42| IT Services - Topix.net

The Stockholm District Court on Tuesday ordered an unprecedented 1.8 billion kronor asset freeze for the Uzbekistan -based partner of Nordic telecom firm TeliaSonera as part of an ongoing bribery investigation.

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