TeliaSonera profit rises amid Eurasian operations

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Source: Bloomberg
© Scanpix/Reuters
TeliaSonera AB, the largest phone company in Sweden, announced a net profit of $717 million the in the quarter of this year, 15% up from the previous three months. Economists, in turn, forecasted a modest profit growth to $670 million. The company has restructured and exceeded its Eurasian operations. Today, TeliaSonera AB shares are trading up 3% to 51.05 kronor by 8:00 GMT in Stockholm.
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