Interim report January-March 2000

Interim report January-March 2000

CEO's Comments

- SALES ADVANCED 5.5%, ADJUSTING FOR DIVIESTED BUSINESSES, TO MSEK 12,857. - CAPITAL GAINS LIFTED OPERATING INCOME TO MSEK 3,382. - MOBILE SERVICES CONTINUED GROWING APACE AS REVENUES ROSE 25%. - THE CARRIER PRESELECT REFORM AND PRESSURE ON PRICES REDUCED SALES IN THE FIXED TELEPHONY BUSINESS IN SWEDEN. - BARTERED CAPACITY GAVE ACCESS TO FIBER-OPTIC NETWORKS IN NORTH AMERICA. CEO's Comments Our areas of growth continued to report strong advances. The mobile business significantly boosted sales and earnings. Demand for Internet and broadband access is increasing rapidly. The international carrier business lifted sales in IP-based traffic in Europe and other segments. The strategic investments that Telia is making in the Internet, broadband, and carrier field are aimed at supporting the Company's market position and growth in the long run. In the short run, these investments will have a negative impact on operating income. Weaker sales for fixed telephony in Sweden should be viewed in light of the preselect reform and tariff rebalancing carried out. Telia continues to concentrate its operations. During the period, a decision was made to sell the Swedish cable-TV business, float the shares in the directory business, and sell the Group's shareholding in Eircom. Stockholm, May 8, 2000 Jan-Åke Kark, President and CEO

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http://www.waymaker.net/bitonline/2000/05/08/20040904BIT20350/wkr0006.pdf Interim Report