REG-TeliaSonera AB TeliaSonera specifies significant items in the year-end report

Thu Jan 24, 2013 2:13am EST

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STOCKHOLM--(Business Wire)--


Ahead of the year-end results announcement on January 31, TeliaSonera
(STO:TLSN)(HEX:TLS1V)(LSE:TEE)(Nasdaq:TLSN) 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 2012    SEK 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. 

For more information, please contact the TeliaSonera press office +46 771 77 58
30, press@teliasonera.comail, visit our Newsroom or follow us on Twitter
@TLSN_Media. 

Forward-Looking Statements 

Statements made in the press release relating to future status or circumstances,
including future performance and other trend projections are forward-looking
statements. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will
occur in the future. There can be no assurance that actual results will not
differ materially from those expressed or implied by these forward-looking
statements due to many factors, many of which are outside the control of
TeliaSonera. 

TeliaSonera provides network access and telecommunication services in the Nordic
and Baltic countries, the emerging markets of Eurasia, including Russia and
Turkey, and in Spain. TeliaSonera helps people and companies communicate in an
easy, efficient and environmentally friendly way. Our ambition is to be number
one or two in all our markets, providing the best customer experience, high
quality networks and cost efficient operations. TeliaSonera is also the leading
European wholesale provider with a wholly-owned international carrier network.
In 2011, net sales amounted to SEK 104 billion, EBITDA to SEK 36.9 billion and
earnings per share to SEK 4.20. The TeliaSonera share is listed on NASDAQ OMX
Stockholm and NASDAQ OMX Helsinki. Read more at www.teliasonera.com. 

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TeliaSonera AB 

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