third quarter result

Lower profits for Telia

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.