* Core profit 8.9 bln SEK vs forecast 8.8 bln
* Net sales in local currencies increased 0.4 pct
* Sticks to 2013 outlook
(Adds fibre acquisition goal, background)
STOCKHOLM, July 17 Telecom operator TeliaSonera
said on Wednesday it would look to buy fibre-optic
networks in its home markets as it looks to broaden its range of
services and boost network quality to fight off tough
Telia, which has seen revenues flat since 2008 due to
intense competition and pressure from regulators, is building
out its high speed mobile network in the Nordic and Baltic
region and fibre networks will allow it to boost fixed broadband
and other services.
It hopes bigger capacity and better network quality will
attract customers away from cut price rivals like Tele2
"Network quality and capacity are crucial to meet the
exploding demand for data; therefore we will further invest in
4G and mobile coverage, expand within fiber and selectively
target acquisitions of existing fiber networks in our home
markets," the company said.
Telia reported second-quarter profit roughly in line with
expectations on Wednesday as cost cuts and growth in emerging
markets offset competitive pressure in the Nordic region.
Finnish rival Elisa earlier this week said
competition would likely remain tough for the rest of the year
and it would focus on cost cuts.
Telenor will publish its results on July 23.
Telia's earnings before interest, tax, depreciation and
amortisation (EBITDA), excluding non-recurring items, were 8.9
billion Swedish crowns ($1.35 billion) versus the average
forecast of 8.8 billion in a Reuters poll and last year's 9.0
It repeated its outlook for the year for flat sales in local
currencies and a slight improvement in its core profit margin in
($1 = 6.5815 Swedish crowns)
(Reporting by Simon Johnson; editing by Niklas Pollard)