TeliaSonera reported improved sales and earnings also in 2007, increasing net sales by 5.8 percent to SEK 96.3 billion and net income by 5.3 percent to SEK 20.3 billion. The number of subscriptions increased by 20 percent to 36 million in the majority-owned operations. In TeliaSonera's associated companies, the number of subscriptions also increased by 20 percent to 79 million.

EBITDA margin, excluding non-recurring items, decreased to 32.2 percent (35.4 percent in 2006), mainly due to the start-up in Spain and other investments in future growth, especially in mobility and IP-based services.

Operating income, excluding non-recurring items, increased by three percent to SEK 27.5 billion due to further improved earnings in associated companies. The share of Eurasian operations increased to about 40 percent of TeliaSonera's operating income (30 percent in 2006).

Earnings per share increased by four percent to SEK 3.94.

During 2007, TeliaSonera strengthened its position in managed services through targeted acquisitions, strengthened its position in the Danish mobile market by acquiring debitel Danmark A/S, and expanded its presence in the growing mobile markets in Eurasia by acquiring operators in Uzbekistan and Tajikistan.

Lars Nyberg took over as the new President and Chief Executive Officer of TeliaSonera in September 2007.

TeliaSonera changed its business organization on January 1, 2007 from a country-based profit center organization into a product-based business area organization. On January 1, 2008, TeliaSonera further refined its business organization. Starting January 1, 2008, Integrated Enterprise Services will no longer be a separate business area, and its operations will be reported as part of Mobility Services, Broadband Services and Other operations.

The Board of Directors proposes a total dividend of SEK 4.00 per share, including ordinary and extraordinary dividend, equaling a total of SEK 18.0 billion.