TeliaSonera January-March 2004 - Pro Forma

TeliaSonera January-March 2004 - Pro Forma 1)

· Net sales, amounting to SEK 19,946 million (20,349), were on the same
level as the preceding year adjusted for changes in exchange rates
· Net income increased to SEK 2,344 million (1,639) and earnings per
share to SEK 0.50 (0.35)
· Operating income increased to SEK 4,122 million (3,288)
· Free cash flow amounted to SEK 2,194 million (3,897), negatively
affected by tax payments for the previous year
· Divestment of Telia Finans reduced net debt by SEK 6.0 billion
· Continued strong market initiatives yielded results
· The number of customers increased to 22.4 million (20.7) in TeliaSonera
and to 28.9 million (21.5) in associated companies year-on-year
· Cash offer on Eesti Telekom was announced

1) Pro forma presentation excluding Telia's Finnish mobile operations
and Swedish cable TV operations.

Questions regarding content:
TeliaSonera AB
Investor Relations
SE-106 63 Stockholm, Sweden
Tel. +46 8 504 550 00
Fax +46 8 611 46 42
www.teliasonera.com/ir

Ordering of individual printed reports:
Tel. +46 372 851 42
Fax +46 372 843 56
www.teliasonera.com/ir

Shareholders with questions regarding the distribution of financial
reports or for change of address:
Tel. +46 8 449 88 16
Fax +46 8 449 88 10
E-mail: teliasonera@strd.se

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