Press Release January 12, 2009 TeliaSonera gives notice to employees in Sweden In February 2008, TeliaSonera announced efficiency measures in the Swedish and Finnish operations, to be implemented in 2008 and 2009. These efficiency measures are expected to result in annual gross savings effects of approximately SEK 5 billion compared to the cost base of 2007 and result in a reduction of approximately 2900 employees, of whom two thirds in Sweden. The efficiency measures are being taken because TeliaSonera cannot have higher structural costs than competitors and to be able to continue shifting the product mix to mobility- and IP-based services. As part of the efficiency programme announced in February 2008, TeliaSonera will today give notice to 1200 employees in Sweden. Restructuring costs are expected to remain unchanged and amount to less than SEK 3 billion, of which just above half in 2008, as previously reported. _____________________________________________ For further information journalists can contact: The TeliaSonera Press Office, +46-(0)8-713 58 30 Forward-Looking Statements Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera. TeliaSonera provides telecommunication services in the Nordic and Baltic countries, in Spain and the emerging markets of Eurasia, including Russia and Turkey. We are the leading European provider of quality cross-border voice, IP and capacity services, provided through our wholly-owned international carrier network. In 2007, TeliaSonera's net sales amounted to SEK 96 billion, and at the end of December 2007 the total number of subscriptions exceeded 114 million in 18 countries. The TeliaSonera share is listed on the Stockholm Stock Exchange and the Helsinki Stock Exchange. Simplicity and service are important tools for us in creating profitable growth and value for our customers and shareholders. Read more at www.teliasonera.com
TeliaSonera gives notice to employees in Sweden
| Source: Telia Company AB