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General

Syn Q1 revenue falls but EBITDA rises, plans more infrastructure sales in 2021

Thursday 13 May 2021 | 12:21 CET | News
Vodafone Iceland's parent company Syn has announced a fall in revenue and a rise in EBITDA in the first quarter of 2021, when it sold its Faroese associate and also agreed the sale and lease-back of the Icelandic passive mobile infrastructure. CEO Heidar Gudjonsson said Syn plans to sell more infrastructure this year but it is already clear that it can pay up the debt stemming from the purchase of assets from 365 as well as buying back shares. This is in line with its strategic plan to be customer-centric and to simplifying its business, Gudjonsson said.

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Categories: General
Companies: Vodafone Iceland
Countries: Iceland
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