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Smartphone sales boost profits for TeliaSonera

Nordic telecoms giant TeliaSonera said on Monday that sales of smartphones, coupled with growth in eastern Europe and Asia, boosted third-quarter profits and its outlook for fiscal-year results.

Smartphone sales boost profits for TeliaSonera

“Both Mobility Services and Eurasia are seeing accelerated growth compared to previous quarters,” CEO Lars Nyberg said in the earnings report.

He said that mobile services were being driven by mobile data and equipment sales and activity in Europe and Asia by “macroeconomic recovery and higher mobile penetration.”

The Swedish-Finnish company posted a 19 percent rise in net profit to 5.99 billion kronor ($914 million) on sales which slipped 1 percent to 26.75 billion kronor.

Meanwhile, the company’s earnings before interest, tax, depreciation, and amortisation, or EBITDA, soared to the highest level ever, Nyberg said.

TeliaSonera’s smartphones helped boost its profits, with soaring sales and surging data traffic in its Nordic home market.

“In the Nordic region, the uptake of smart phones is boosting our mobile data revenues and equipment sales. Today, seven out of ten customers in Sweden are buying a smartphone with higher usage and average revenue per user as a result,” Nyberg said.

“The new iPhone 4 has been very well received by our customers and we can now see that other smart phone models based on [Google’s] Android and [Nokia’s] Symbian platforms are also getting a lot of traction,” he added.

Despite the strong figures, the company’s results slightly missed the expectations of analysts, who according to a poll by Dow Jones Newswires had anticipated a net profit of 6.16 billion kronor on sales of 26.83 billion.

However, TeliaSonera increased its 2010 forecast, saying it now expected full-year sales to be in line with the first nine months of the year, while its EBITDA margin should be higher than in 2009.

Following the news, the company saw its share price jump 2.71 percent in late morning trading on a slightly positive Stockholm stock exchange.

The company said its customer numbers climb during the third quarter alone by 4.2 million, of whom two million are new clients of TeliaSonera’s consolidated operations and 2.2 million have signed on with associated companies, to a total of 156.6 million customers.

Over the past year, it said it had seen its total client lists swell by 12.8 million.

Like its main Nordic rivals, Norway’s Telenor and Sweden’s Tele2, TeliaSonera’s strategy is to expand towards the East, increasing its presence in the Baltic countries, Russia and Turkey, as well as former Soviet republics such as Kazakhstan, Azerbaijan, Uzbekistan and Georgia.

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Former Paris deputy mayor ‘charged with rape’, say sources

A former deputy mayor of Paris accused of sexual harassment by a co-worker was charged on Friday with rape and other sexual assaults, several sources said.

Former Paris deputy mayor 'charged with rape', say sources
Pierre Aidenbaum stands behind Paris mayor Anne Hidalgo at a silent march in honour of a murdered Jewish woman. Photo: Francois Guillot/AFP
Pierre Aidenbaum, 78, stepped down as deputy mayor last month just weeks after another deputy mayor quit due to protests over his links to a known paedophile.
   
He was questioned by a judge on Friday and charged, a source close to the case who refused to be named told AFP.
   
A judicial source, who also wished to remain anonymous, added Aidenbaum had been banned from contacting any victim or witness, and cannot show up at city hall.
   
His lawyer Maud Touitou told AFP Aidenbaum had been “hit hard” by the accusations against him “and the suffering expressed”.
 
   
 
Aidenbaum's resignation last month came after another deputy to Mayor Anne Hidalgo, Christophe Girard, quit in July.
   
Opposition politicians and women's groups had demanded his suspension over ties to Gabriel Matzneff, a writer who has never hidden his preference for sex with adolescent girls and boys.
   
Girard has since himself been accused of sexually abusing a minor in a New York Times report he has vehemently denied.
   
Aidenbaum remains on the city council despite his resignation as deputy mayor, but on Friday Hidalgo asked him to give up his seat “immediately”.
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