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TeliaSonera Specifies Earnings Items

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1/24/2013
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STOCKHOLM -- 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. TeliaSonera AB

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