Economics
TeliaSonera Profit Misses Estimates on Falling Mobile Sales
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TeliaSonera AB, Sweden’s largest phone operator, reported profit that missed analyst estimates as mobile and broadband sales slipped amid price pressure and slow economic growth. The stock fell the most in almost 10 months.
Fourth-quarter net income fell to 2.19 billion kronor ($338 million), the Stockholm-based carrier said in a statement today. Analysts on average were projecting profit of 3.07 billion kronor, according to data compiled by Bloomberg. Sales fell 2.1 percent to 26.5 billion kronor, beating the average estimate of