Telia Sonera Posts Billion Dollar Profit
The Swedish-Finnish telecoms giant Telia Sonera posted strong results for the fourth quarter Thursday.
Pre-tax profits were almost one billion dollars, meeting expectations, and better than during the same period in 2008. The strongest growth was in mobile broadband services.
Swedish Radio News’ economic commentator has referred to Telia Sonera as a “profit machine” defying the current economic crisis.