Merger of Telia and Sonera completed in December 2002.

Net sales in level with previous year. Telia and Sonera stand alone net sales increased 5% and 6% for comparable units, respectively.

Underlying EBITDA increased to MSEK 24,573 (21,768), margin increased to 30.3% (26.9).

Strong free cash flow of MSEK 8,939 (-7,008).

Strong mobile growth and improved profitability in all Nordic markets.

Record high margins of 50% in Swedish (Q4) and Finnish (full year) mobile operations.

Strong growth in mobile operations in Fintur, Turkcell and MegaFon.

Swedish fixed network operations report high 37.4% (36.5) underlying EBITDA margin, despite decrease in revenues.

Costs totaling MSEK 53,278 for restructuring and streamlining efforts, primarily within international 3G operations, International Carrier, and the Danish fixed network operations impacted operating income which fell to MSEK -46,859 (9,586). Underlying operating income increased to msek 6,419 (-1,514).

Dividend is proposed to increase to SEK 0.40 per share (total of SEK 0.20), reflecting the intention in the new policy to increase dividend annually