TeliaSonera CEO Anders Igel

Telia Sonera Posts Healthy Profit

The Nordic telecommunications operator TeliaSonera has reported a 7.7 percent rise in first-quarter net profit, despite higher costs.

Attribtuing the result to higher sales, the Stockholm-based company said it aims to save a further 221 million US dollars in 2007 due to a reorganization, particularly in Sweden and Finland.

TeliaSonera says the measures are expected to give it an annual gross savings of 340 million US dollars, by next year.

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