Telia Sonera reports profit but lowers forecast
The Stockholm-based telecom giant, Telia Sonera showed a profit of over US$ 1 billion during the first quarter of the year, according to its quarterly report released on Tuesday. That figure is somewhat higher compared to the same period last year.
But sales fell by more than US $200 million. This is in line with expectations, but the company has lowered its estimated growth and shares declined by 1.7 percent.