Telia Group, Interim Report six months ended June 30, 2000
Telia Group, Interim Report six months ended June 30, 2000 * Largest growth ever in the Nordic mobile market - 533,000 new GSM customers in Sweden, Denmark and Finland. * Acquisition of the Norwegian mobile operator Netcom ASA adds 750,000 new subscribers. * Net sales increase 3.4 procent to 26,037 MSEK. * Operating income rises 69 percent to 3,870 MSEK. * Strong demand for broadband - 120 framework agreements signed with 557,000 households. * Internet business continues to expand: 80,000 new subscribers increase customer base to 695,000. * Telia continues to expand its international fiber network. "Telia has just completed its first quarter of operations as a listed company and I am especially pleased to see that we are continuing to expand in all of our targeted growth areas," stated Telia's CEO Jan-Åke Kark in his comments to the six months report. "As the leading Scandinavian Internet and communications company in the world's most advanced telecommunications market, Telia is continuing to capture market shares in our focused areas of business. Our expansion is particularly strong in the Mobile business area, where we have half a million new customers. But we are also achieving very good growth in our Internet business, where the number of new subcribers has increased by 80,000. It is gratifying to see that demand for broadband services remains very substantial." "Our operating income for the period, slightly more than SEK 3.8 billion, is completely in line with our strategy and we will continue our successful focus on developing business in Sweden, the rest of the Nordic region and in the Baltics," ended Jan- Åke Kark. For further information journalists can contact: Telias Pressoffice +46 8 713 58 30 and analysts Investor Relations: +46 8 713 10 00 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/08/16/20000816BIT00090/bit0001.doc http://www.bit.se/bitonline/2000/08/16/20000816BIT00090/bit0002.pdf