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third quarter result

Lower profits for Telia

Published onsdag 19 oktober 2011 kl 10.50
Telia Sonera now operates telecoms aross the world, but especially in the Nordic and Baltic regions. Photo: Fredrik Persson/Scanpix.

Profits are down by a billion kronor at Swedish-Finnish telecom giant Telia-Sonera.

Third quarter results just reported show profits worth over 7bn kronor, that's almost US$ 1.1bn. But this is a smaller sum than the same period last year. According to Reuters' survey this is a slight disappointment for analysts, who were expecting about US$ 22m more profits.

The company's CEO, Lars Nyberg, says that he is pleased to announce a good result, with strong growth in turnover, despite the current economic situation.

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