TeliaSonera plans to boost Finnish spending to recapture wireless top spot

13 Nov 2009

Sweden-based TeliaSonera has reportedly announced its intention to boost investment in its Finnish subsidiary in a bid to regain the number one market position, Reuters claims. Citing comments by TeliaSonera chief executive officer Lars Nyberg, it is believed that the company could boost Finnish investments by between 30% and 50% in the next couple of years, although no specific timeframe for this investment, nor level of funding were stipulated. It has, however, been suggested that the company could increase its spending in the region by up to EUR100 million (USD149.5 million).

According to TeleGeography’s GlobalComms Database, TeliaSonera Finland was the largest mobile operator by subscribers until the end of June 2009, when it was overtaken by Elisa. The gap between the two operators remains very close however, and according to operation reports published by the two operators at the end of September 2009 Elisa had maintained its lead, with 2.863 million subscribers, while TeliaSonera had 2.818 million.

Finland, Elisa Corporation, Telia Company, Telia Finland