Annual report summary 1999 Telia AB

Annual report summary 1999 Telia AB

* TELIA ACHIEVED ITS BEST ADJUSTED OPERATING INCOME EVER.
* SWEDISH OPERATIONS DELIVERED HEALTHY EARNINGS AND GROWTH DESPITE PRICE CUTS AND THE INTRODUCTION OF CARRIER PRESELECTION.
* THE GROWTH SECTORS MOBILE COMMUNICATIONS, INTERNET/ BROADBAND, DATA COMMUNICATIONS, AND INTERNATIONAL CARRIER EXPANDED VIGOROUSLY.
* ASSOCIATED COMPANIES INFONET AND EIRCOM FLOATED SUCCESSFULLY.

CEO's Comments
In 1999, Telia achieved earnings excluding capital gains that were the Group's most outstanding ever. It is particularly encouraging that new growth sectors expanded strongly. That means that Telia has kept pace with its competition in growth markets, at the same time as we demonstrated that we can streamline and develop our traditional activities.
Now that the merger with Telenor has been canceled, it is time for Telia to move on. The Group's new strategic focus will enable us to exploit aggressively our unique competencies even in the European and global arenas.
The decision to have the Group prepare to list on the stock exchange soon is heartening. By floating our shares, we will be able to access the capital markets and act quickly on the same terms as other players, for example in mergers and acquisitions.
The outlook for the year 2000 is bright. I expect ongoing growth in our established operations.
Stockholm, March 1, 2000
Jan-Åke Kark, President and CEO


Telia´s Press Office, phone +46 8 713 58 30
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The following files are available for download:
http://www.waymaker.net/bitonline/2000/03/01/20040904BIT21100/wkr0006.pdf Year-End Report 1999