TeliaSonera earnings edge up in Q2

TeliaSonera said it expects stable growth for the remainder of 2008 after posting a 5.7 percent increase in sales for the second quarter and revenues of $1.3 billion, up some 6 percent from a year ago.

The Nordic telco—which spurned an attempted takeover earlier this year by France Telecom—said margins for broadband services in Sweden were under pressure, hurt by the growth of mobile broadband services. CEO Lars Nyberg told Swedish radio news that he backed the board's earlier decision to reject a bid from France Telecom.

"I am glad that we can continue to grow on our own," Nyberg said.

TeliaSonera and its associated companies had some 122.9 million customers in the quarter, up 19.3 per cent from the end of the second quarter 2007.

For more:
- See the release

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