STOCKHOLM, Sweden, Aug. 3, 2005 (PRIMEZONE) -- Mr. Juho Lipsanen is appointed President of TeliaSonera Finland and will also be a member of TeliaSonera's Executive Management. He will start in his new position as of October 11, 2005. Juho Lipsanen will report to TeliaSonera's President and CEO Anders Igel.
Juho Lipsanen will join TeliaSonera from a publicly listed major Finnish media corporation, Alma Media Oyj, where he has worked recently as President and CEO. During 1994 - 2002 he has held several management positions in ABB Ltd. in Switzerland, such as President of ABB New Ventures and CFO of the worldwide Automation division.
"I am looking forward to start in TeliaSonera and to continue to work in the dynamic communication industry", says Juho Lipsanen. "TeliaSonera has an important role to make the information society a reality. As a leading Nordic telecom provider it has the best platform to do this cost efficiently and to offer high quality and easy to use services to our customers."
"Juho Lipsanen's extensive experience in both strategic and operative management positions in the highly competitive Nordic media industry as well as in the demanding global technology based industries will be of great benefit to TeliaSonera", says Anders Igel, President and CEO of TeliaSonera AB.
Juho Lipsanen is 44 years old and holds a M.Sc. in Economics at Turku School of Economics & Business Administration. He is married and has three children.
Juho Lipsanen will be available for interviews and comments to the media following a press meeting which will be held today in Helsinki (see invitation below).
Journalists are cordially invited to a press meeting which will be held today in Helsinki. TeliaSonera's Executive Vice President and CFO Kim Ignatius will start the press meeting with highlights from the April-June 2005 Interim Report. Day: Wednesday August 3, 2005 Time: 09:30 (Helsinki time) Place: TeliaSonera Finland, the Auditorium, Elimaenkatu 5, Vallila, Helsinki.
Forward-Looking Statements Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera.
TeliaSonera is the leading telecommunications company in the Nordic and Baltic regions. At the end of December 2004 TeliaSonera had 15,411,000 mobile customers (51,359,000 incl associated companies) and 8,312,000 fixed telephony customers (8,943,000 incl associated companies) and 2,017,000 internet customers (2,056,000 incl associated companies). Outside the home markets TeliaSonera has extensive interests in the growth markets in Russia, Turkey and Eurasia. TeliaSonera is listed on the Stockholm Stock Exchange and the Helsinki Stock Exchange. Net sales January-December 2004 amounted to SEK 81.9 billion (EUR 9.08 billion). The number of employees was 29,082.
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