TeliaSonera January-March 2012

Stable core business despite price competition· Net sales in local currencies and excluding acquisitions increased 2.9 percent. In reported currency, net sales increased 3.5 percent to SEK 25,693 million (24,835). · The addressable cost base in local currencies and excluding acquisitions decreased 2.1 percent. In reported currency, the addressable cost base decreased 1.7 percent to SEK 7,440 million (7,572). · EBITDA, excluding non-recurring items, decreased 1.4 percent in local currencies and excluding acquisitions. In reported currency, EBITDA decreased 0.7 percent to SEK 8,824