TeliaSonera January-June 2008

TeliaSonera January-June 2008

Continued good growth with improved margins


First half

• Net sales rose 6.5 percent to SEK 49,672 million (46,625). In local currencies
net sales rose 6.2 percent.
• Net income attributable to shareholders of the parent company increased to SEK
8,595 million (7,808) and earnings per share to SEK 1.91 (1.74).
• Free cash flow was SEK 3,581 million (6,087).

Second quarter

• Net sales rose 5.7 percent to SEK 25,274 million (23,901). In local currencies
net sales rose 5.9 percent.
• EBITDA, excluding non-recurring items, increased to SEK 7,978 million (7,516)
and the margin to 31.6 percent (31.4).
• Operating income, excluding non-recurring items, increased to SEK 7,410
mil-lion (6,575).
• Net income attributable to shareholders of the parent company rose to SEK
4,130 million (3,832) and earnings per share to SEK 0.92 (0.85).
• Free cash flow was SEK 2,471 million (3,558).
• The number of subscriptions reached 122.9 million at the end of the second
quarter with 1.4 million new subscriptions in the majority-owned operations and
2.2 million in the associated companies, compared to the end of the first
quarter 2008.
• The group outlook for 2008 remains unchanged.

Comments from Lars Nyberg, President and CEO

“The overall market trends were essentially unchanged and we reported a
satisfactory set of numbers for the second quarter. For the first time in more
than a year, we managed to increase our margins. Our Eurasian operations develop
strongly and Mobility Services showed good growth with improved margins, whereas
margins within Broadband Ser-vices are under continued pressure. Intensive
campaigns to promote mobile broadband affected the penetration growth of fixed
broadband.

TeliaSonera is a strong business, based on leading market positions in the
Nordic and Baltic countries. We are also very well positioned in several
emerging markets with high growth potential and continue to look for new
investment opportunities. Our success is and will be based on providing high
quality networks and first class services at competi-tive cost. Hence, we need
to continuously improve our operational efficiency to success-fully manage the
ongoing migration from traditional fixed voice services to mobility and IP-based
services. This will drive strong and sustainable earnings growth and maximize
value for our shareholders.”

Questions regarding the reports:
TeliaSonera AB
Investor Relations
SE-106 63 Stockholm, Sweden
Tel. +46 8 504 550 00
Fax +46 8 611 46 42
www.teliasonera.com/ir