TeliaSonera specifies significant items in the year-end report

Ahead of the year-end results announcement on January 31, TeliaSonera specifies non-recurring items that in total will have a positive impact on Operating income of SEK 189 million in the fourth quarter of 2012. In addition, a positive one-time effect of SEK 1,225 million related to a net deferred tax liability, as a result of the reduction of the corporate income tax in Sweden from 26.3 percent to 22.0 percent, will be recorded in the fourth quarter of 2012.

TeliaSonera has decided to make a non-cash goodwill impairment charge in Norway related to NetCom. The charge of SEK 2,914 million relates to the substantial goodwill amount created at the acquisition of the company in 2000, and the current assessment of the achievable long-term return on investment. A goodwill write-down of SEK 2,752 million related to NetCom was previously made in the second quarter of 2012.

In November, 2012, the MegaFon initial public offering (IPO) was successfully priced at USD 20 per GDR and per share and TeliaSonera reduced its ownership from 35.6 percent to 25.2 percent. As part of the transaction, TeliaSonera will recognize a capital gain of SEK 5,378 million in the fourth quarter of 2012.

In December, 2012, TeliaSonera signed an agreement to divest its Norwegian subsidiary NextGenTel to Telio, a company listed on the Oslo Stock Exchange. As a result, TeliaSonera will recognize a loss of SEK 1,550 million in the fourth quarter of 2012 from the write-down of goodwill.

Capital gain from a reduction in ownership in MegaFon (Russia)SEK 5,378 million
Non-cash goodwill write-down in NetCom (Norway) SEK -2,914 million
Non-cash goodwill write-down in NextGenTel (Norway)SEK -1,550 million
Other non-recurring items, such as restructuring charges, etc. SEK -725 million
Total impact on Operating income in the fourth quarter of 2012SEK 189 million


TeliaSonera’s Year-end Report will be announced on Thursday, January 31, 2013 at around 7:00 (CET).

TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 8 a.m. CET on January 24, 2013.