At the same time, net sales of the company grew by 11% year-on-year to 1.268 billion Sweden kronor (about US$193.28 million) in January-September 2011.

TeliaSonera’s financial statement said that Ucell is heavily promoting data services and data revenues more than doubled compared with the same quarter a year ago and now represents around 10 percent of total revenues.

Subscribers’ base of UCell made up 7.495 million at the end of the third quarter of 2011 against 5.99 million users in the same period of 2010. Number of pre-paid card users rose from 5.904 million in the third quarter of 2010 to 7.363 million in the same period of 2011.

According to the company, MOU (average monthly minutes of usage per subscriber) fell from 292 minutes per month in the third quarter of 2010 to 267 minutes per month in the reporting period of 2011.

FE Coscom LLC was founded in 1996. As of June 2008, the company began rendering services of mobile communication under the UCell brand.

UCell is part of TeliaSonera. TeliaSonera provides telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. TeliaSonera is now in 20 markets with close to 460 million inhabitants. The number of subscriptions in 2010 reached over 157 million. For the year 2010, TeliaSonera's net sales amounted to approximately US$15 billion and TeliaSonera had around 29,000 employees.

In the emerging markets of Eurasia, TeliaSonera has majority holdings in leading mobile operators in Kazakhstan (Kcell), Azerbaijan (Azercell), Georgia (Geocell), Moldova (Moldcell), Tajikistan (Tcell), Uzbekistan (Ucell), and Nepal (Ncell). TeliaSonera is also a minority owner of MegaFon in Russia and Turkcell in Turkey.