Strategy
TeliaSonera's overall strategy is to deliver products and services to our different customer segments based on a deep understanding of present and future customer needs. To create shareholder value through strong profits and cash flows, we will deliver our services in a cost effective and sustainable manner.
The Nordic and Baltic markets
TeliaSonera aims to maintain its leading position in the Nordic and Baltic markets. Present focus areas to achieve this goal are:
- Quality of networks and services
- Simplicity in services and offerings
- World class service to our customers
- Successful management of migration from traditional fixed telephony services to mobile and IP based services
- Meeting customers' rapidly growing demand for high speed mobile data services
- Efficiency improvements in our traditional businesses
- Increased performance and consequence management
TeliaSonera's ambition is to grow both organically and through complementary acquisitions.
Russia, Turkey and Eurasia
In Russia, Turkey and selected Eurasian markets TeliaSonera aims, together with local partners, to create leading positions. TeliaSonera's ambition is to consolidate the various operations. TeliaSonera can however, where consolidation is not possible, accept to not consolidate the operations, provided that TeliaSonera has a real management influence over the operations and liquidity regarding its shareholdings.
TeliaSonera's ambition is to grow organically through the regions' strong economical growth and increased subscriber penetration as well as through acquisitions in new markets in the vicinity of the present operations in Eurasia.
Spain
In the Spanish market TeliaSonera aims, together with its local partner, to create an efficient low cost mobile operator with a market position that achieves sustainable strong profits and cash flows and thereby grow the value of the operation.
Capital structure
TeliaSonera targets a solid investment grade long-term credit rating (A- to BBB+) to secure the company's strategically important financial flexibility for investments in future growth, both organically and by acquisitions. The ordinary dividend shall be at least 40 percent of net income attributable to shareholders of the parent company. In addition, excess capital shall be returned to shareholders, after the Board of Directors has taken into consideration the company's cash at hand, cash flow projections and investment plans in a medium term perspective, as well as capital market conditions.
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