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Annual Report 2005 Table of content The Year in Brief Comments from the CEO This is TeliaSonera Strategy for Profitable Growth The Market for Telecom Services Growth Initiatives Cost Efficiency Personnel and Competence TeliaSonera in Society The TeliaSonera Share Corporate Governance Report Report of the Directors Risk Factors Consolidated Financial Statements Parent Company Financial Statements Proposed Appropriation of Earnings Auditors’ Report Ten-Year Summary Forward-Looking Statements Annual General Meeting 2006