Correction: TeliaSonera Investor Day

Correction: TeliaSonera Investor Day

Today at TeliaSonera's Investor Day in Stockholm, Lars Nyberg, President
and CEO, spoke about the business environment, TeliaSonera's strategy,
position and the need for new business models as well as the new brand
identity.

“The demand for our services is greater than ever. Customers' appetite
for higher speed and more capacity makes both the mobile and fixed
access businesses attractive. But as usage patterns change, there is
also a need to develop new business and pricing models. Although we see
that more and more operators are moving away from flat fee tariffs, it
is inevitable that the future pricing structures must be tiered - based
on speed, usage and quality”, Lars Nyberg said.

Nyberg also said that Eurasia continues to be the growth engine for the
group. “There is still room to further expand voice penetration. But
even more exciting is the untapped potential in mobile data. This
requires affordable handsets and investments in high quality networks”.

“Our fixed networks remain a key strategic asset and in order to meet
our customers' demand for triple play and capacity hungry applications,
we will invest more than SEK 8 billion in fiber until 2014, of which SEK
5 billion in Sweden. It will be a selective roll-out to ensure a good
return on our investment. By the end of 2014 we have expanded our
coverage to 2.3 million homes connected by fiber in the Nordic and
Baltic countries, of which almost 1 million in Sweden”, Lars Nyberg
said.

“Our ambition is to be number one or two in each market where we operate
and a pioneer in this industry. To improve our position in the Danish
mobile market we today announce a network sharing agreement with
Telenor. The agreement involves the 2G, 3G and 4G (LTE) networks.
Together, we will create Denmark's best mobile network and thereby
provide the best experience for customers using smartphones, tablets and
mobile broadband”, Lars Nyberg said.

Nyberg also confirmed that the company will not bid for the Polish
mobile operator Polkomtel. “We have done our homework thoroughly,
weighed the pros and cons, and decided not to submit an offer. In
respect of the company, the sellers and the ongoing process, we will not
make any further comments".

Nyberg also said: “To maximize shareholder value, TeliaSonera will
continue to have a disciplined approach to M&A and we will selectively
look for new opportunities within or neighboring our current footprint.
Any excess cash will be returned to shareholders. Taking into account
the ordinary dividend in April and the recently completed buyback of SEK
10 billion we will be within our net debt to EBITDA target of 1.5-2.0
times “.
At the meeting, TeliaSonera reiterated its outlook for 2011 stating that
the growth in net sales in local currencies and excluding acquisitions
is expected to be around 3 percent. The EBITDA margin, excluding
non-recurring items, in 2011 is expected to improve compared with 2010.
The CAPEX-to-sales ratio is expected to be approximately 13-14 percent
in 2011, excluding license and spectrum fees.

Other featured TeliaSonera speakers at the Investor Day included
Per-Arne Blomquist, Executive Vice President and CFO, Håkan Dahlström,
President Business area Mobility Services, Malin Frenning, President
Business area Broadband Services and Tero Kivisaari, President Business
area Eurasia.

TeliaSonera AB discloses the information provided herein pursuant to the
Swedish Securities Markets Act and/or the Swedish Financial Instrument
Trading Act. The information was submitted for publication at 9 a.m. CET
on June 14, 2011.

For more information, please call the TeliaSonera press office 46-771 77
58 30, press@teliasonera.com (press@teliasonera.com)

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 network access and telecommunication services in
the Nordic and Baltic countries, the emerging markets of Eurasia,
including Russia and Turkey, and in Spain. TeliaSonera helps people and
companies communicate in an easy, efficient and environmentally friendly
way. Our ambition is to be number one or two in all our markets,
providing the best customer experience, high quality networks and cost
efficient operations. TeliaSonera is also the leading European wholesale
provider with a wholly-owned international carrier network. In 2010, net
sales amounted to SEK 107 billion, EBITDA to SEK 37.7 billion and
earnings per share to SEK 4.73. The TeliaSonera share is listed on
NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at
www.teliasonera.com  (http://www.teliasonera.com/)