Telecom Lead Europe: TeliaSonera has posted 1.8 percent increase in Q4 revenue to SEK 27,069 million.
Net income during the fourth quarter increased 34.9 percent to SEK 6,880 million.
Operating income decreased 0.8 percent to SEK 7,608 million.
During Q4, number of subscriptions grew by 1.7 million in the consolidated operations and by 2.3 million in the associated companies. The total number of subscriptions was 183.0 million.
For the full year, TeliaSonera’s net sales increased 1.2 percent.
Net income for 2012 increased 8.1 percent to SEK 19,886 million.
Lars Nyberg, president and CEO, TeliaSonera, said: “Trends improved in the fourth quarter which resulted in a revenue growth of 1.2 percent in local currencies for the full year, slightly ahead of our guidance. All countries in Eurasia are again delivering positive revenue growth in the fourth quarter, resulting in a total growth of more than 16 percent.”
Mobility Services saw higher equipment sales. Within Broadband Services, the growth of fiber customer base accelerated towards the end of the year. TeliaSonera also experienced significant reduction of unwanted calls.
The mobile operator has already started implementing measures that will lead to a cost reduction of SEK 2 billion net over the coming two years, including personnel reductions net of 2,000 employees as announced in October.
In the fourth quarter, 300 jobs in Sweden and Finland were eliminated by these measures.
During 2013, 1,800 employees in the Nordics and Baltics will be reduced and the total cost for these reductions is estimated to SEK 1.7 billion.