Siminn reports healthy Q3 earnings, expects to close sale of Mila to Ardian in H1

Wednesday 27 October 2021 | 12:35 CET | News
Icelandic operator Siminn is sticking to its full-year outlook as it reported little change in revenue in the third quarter, with EBITDA and EBIT "never better" in one quarter, thanks to cost control. It said the recently announced agreement to sell its Mila infrastructure subsidiary to Ardian should yield a profit of just over ISK 46 billion. The sale should be completed in H1 2022.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: General
Companies: Mila / Siminn
Countries: Iceland
::: add a comment
This article is part of dossier




Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Icelandic regulator clears Mila cost analysis for wholesale equipment and mast lease prices

Published 29 Nov 2021 12:33 CET | Iceland
Icelandic telecoms regulator Fjarskiptastofa said it has approved Mila's cost analysis for wholesale lease of equipment in ...

Masmovil in talks to sell majority stake in new Euskaltel fibre network - report

Published 15 Oct 2021 13:27 CET | Spain
Spanish operator Masmovil has plans to set up a new subsidiary to build the fibre-to-the-home (FTTH) network of Euskaltel and is ...

EQT agrees to sell Adamo to Ardian

Published 11 Oct 2021 09:34 CET | Spain
Private equity group EQT has announced that the EQT Mid Market Europe fund has agreed to sell Adamo Telecom of Spain to Ardian ...

Icelandic watchdog designates Mila and Siminn as SMP operators on markets 3a and 3b

Published 16 Sep 2021 12:51 CET | Iceland
Icelandic regulator Fjarskiptastofa (PTA) said that on 14 September, it sent a draft decision to the EFTA Surveillance Authority ...

Siminn leaves FY outlook unchanged as Q2 revenue rises 2%, still in talks with investors over Mila

Published 01 Sep 2021 12:34 CET | Iceland
Icelandic operator Siminn said its full-year outlook is unchanged after a 2.2 percent year-on-year rise in second quarter revenue ...

Siminn mulls options for Mila infrastructure arm, Q1 revenue rises nearly 2%

Published 28 Apr 2021 12:53 CET | Iceland
Icelandic operator Siminn said Lazard is advising its Mila infrastructure division on its options, as it announced a slight rise ...

Ardian completes EUR 1.35 bln acquisition of Inwit stake

Published 05 Oct 2020 08:51 CET | Italy
Italian mobile towers group Inwit, jointly controlled by by Telecom Italia (TIM) and Vodafone, announced that French private ...