Yoigo upgrades mobile network in Spain

Yoigo, TeliaSonera’s mobile operation in Spain, upgrades the mobile network for higher speed and wider coverage to the major cities in Spain. Ericsson has been chosen as network supplier.

The 3G network will be modernized with higher speeds, and further built out to increase coverage. By the end of 2011, the network extension will cover most towns in Spain and the mobile data and broadband speed will be increased to 21 Mbit/s.

– Our Spanish greenfield operation, Yoigo, has developed very positively and we reached EBITDA breakeven during the fourth quarter 2010. Now we have agreed with Ericsson to upgrade the 3G network for higher speed and wider coverage, and at the same time prepare the network infrastructure for future 4G activities, says Claes Nycander, CTO Mobility Services at TeliaSonera.

Facts Yoigo
Yoigo is TeliaSonera’s mobile operator in Spain with over 2.2 million customers, and is a challenger in the Spanish market.
TeliaSonera ownership: 76.6%.
Revenue growth 63% in 2010*.
EBITDA breakeven in Q4 2010.
Cash flow positive by end 2011.
http://www.yoigo.com/

* In local currency.

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Forward-Looking Statements
Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera.

TeliaSonera provides network access and telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. TeliaSonera help people and companies communicate in an easy, efficient and environmentally friendly way. Our ambition is to be number one or two in all our markets, providing the best customer experience, high quality networks and cost efficient operations. TeliaSonera is also the leading European wholesale provider with a wholly-owned international carrier network. In 2010, TeliaSonera’s net sales amounted to SEK 107 billion, and at the end of December 2010 the total number of subscriptions was 156 million in 20 countries. The TeliaSonera share is listed on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki. Read more at www.teliasonera.com

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