Semi-annual report of the owner of Azercell Telekom is published

Global ICT giant TeliaSonera (Sweden - Finland) published a report on the results of the first half of this year. According to the data (http://www.teliasonera.com/en/newsroom/press-releases/2013/7/interim-report-january-june-2013), during the period the owner of the local mobile operator Azercell Telekom, got revenue of 25.3 billion kron, or $ 3.8 billion (down 3.9% compared to the same period last year.)

Earnings before deduction of taxes, interest and amortization (EBITDA) fell by 1.2%, to $ 1.35 billion, profitability of EBITDA increased to 35.3% from 34.4%. Operating profit decreased by 10.8% - to $ 952 million. As a result, TeliaSonera's net profit decreased by 13.5% - to $ 672 million.

Stock prices   for  stocks of  TeliaSonera dropped, and net income of the holders of the parent structure decreased (by 9.3%.)

According to Per-Arne Blomkvist (President and CEO), the company prefers the long term, investments in energy efficiency, in 4G and fiber.

The financial crisis has forced the company to dismiss1050 specialists. These and other measures will help to save more than $ 300 million by the end of 2014.

In the markets of Eurasia «TeliaSonera» owns controlling stakes of mobile operators in the CIS (Azercell, Kcell, Geocell, Moldcell, Tcell, Ucell) and Nepal (Ncell). In addition, «TeliaSonera» owns a solid minority stake in Russia's OAO "MegaFon" and in Turkish «Turkcell». - 17D-