Friday, February 10, 2006

TeliaSonera - another traditional telco earnings bite the dust

Ooh, a pattern is emerging among trdaitional fixed line telco's. Only a few days after British Telecom and Cable and Wireless revealed that their fixed line revenues continue to sink into gradual rigamortise - now TeliaSonera, the leading Scandinavian operator, slumps too.

Shares in TeliaSonera dropped sharply today after the Nordic telecoms operator's 4th quarter earnings were hit by fierce competition in its home markets.

Their bright spot was international operations and investments in mainly Eastern Europe, Turkey and Russia. So, too wireless was better. Funny that.

If these guys don't accellerate their hi-speed Internet access, IPTV and IP telephony roll-outs - their fixed line revenues will end up going the way of the Titanic.

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