Finnish telecoms company TeliaSonera has pledged to buy more fibre networks in Scandinavian markets in an effort to improve network quality and increase its range of services.
Noting increased sales and profitability in its second quarter for 2013, the company stated that it is aiming to increase its share of the market in the region by providing a bigger capacity.
Per-Arne Blomquist, president and CEO of TeliaSonera, said: 'In the second quarter, organic revenue growth turned positive and margins improved further. TeliaSonera continues to lead the industry change in our markets by shifting away from minute-based voice pricing, to new data centric models. In addition, we maintain focus on securing our long term profitability by implementing efficiency measures and investing for the future in 4G and fibre.
'Network quality and capacity are crucial to meet the exploding demand for data; therefore we will further invest in 4G and mobile coverage, expand within fibre and selectively target acquisitions of existing fibre networks in our home markets.'