Telia Company Interim Report January-March 2022

A strong start to the yearFirst quarter summary · Net sales amounted to SEK 21,818 million (21,814) and like for like, net sales increased 2.1%. · Service revenues increased 0.1% to SEK 18,757 million (18,747) and like for like, service revenues increased 3.2%. For the Core Telco business, i.e. excluding TV and Media, service revenues increased 2.9% on a like for like basis. · Operational expenses declined 3.0% driven by further business transformation progress. · Adjusted EBITDA increased 0.3% to SEK 7,202 million (7,179) and like for like, adjusted EBITDA increased 0.1%. For