The Swedish state has placed on the stock market 30% of the telecoms operator TELIA (6.5 million fixed-line subscribers and 2.8 million mobile phone clients; turnover of EUR 6.25 billion). This operation is expected to raise EUR 9.2 billion for the state. With stock market capitalisation of more than EUR 30 bilion, TELIA is number two on the Stockholm exchange, just behind the mobile phone maker ERICSSON.