Board of directors’ report

Telia Company’s operating model is based on geographical areas and the organizational setup was revised as of January 1, 2017. The group’s operations are managed and reported by the six operating segments: Sweden, Finland, Norway, Denmark, Lithuania and Estonia. The organization is country-based. Other operations are collectively reported comprising the Telia Carrier operations, operations in Latvia and Telia Company’s shareholding in Turkcell (24 percent) as well as Group functions. Group functions include CEO Office, Strategy Combined Assurance, Communications, Corporate Affairs (including MA), Division X, Finance (including Sourcing and Real Estate), Global Services and Operations, and People and Brand.

Former segment region Eurasia is classified as held for sale and discontinued operations since December 31, 2015. For information on assets held for sale and discontinued operations, see Note C34.

In this Report, comparative figures are provided in parentheses following the operational and financial results and refer to the same item in the full year of 2016, unless otherwise stated.