TeliaSonera will reiterate its full-year outlook at its Investor Day in Stockholm on 14 June. The company targets around 3 percent growth in net sales in local currencies and excluding acquisitions, an improvement in the adjusted EBITDA margin, and capex at 13-14 percent of sales. CEO Lars Nyberg will also discuss the business environment, TeliaSonera's strategy and position and the need for new business models as well as the new brand identity. In a statement, Nyberg gave his support to the industry shift away from flat-fee data pricing, and said "it is inevitable that the future pricing structures must be tiered - based on speed, usage and quality". Amid saturation in its Nordic market, TeliaSonera is focusing on its Eurasian operations for growth, including increasing voice penetration and developing the data services market. It's also investing in fibre at home, confirming plans to spend over SEK 8 billion on fibre until 2014, of which SEK 5 billion in Sweden. It will be a "selective roll-out to ensure a good return on our investment", the CEO said. By the end of 2014, the operator expects to have 2.3 million homes connected by fibre in the Nordic and Baltic countries, of which almost 1 million in Sweden. Nyberg also confirmed that the company will not bid for the Polish mobile operator Polkomtel. He said TeliaSonera will continue to have a "disciplined approach to M&A", looking selectively for opportunities within or neighboring its current footprint. Any excess cash will be returned to shareholders.
