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General

Telia posts Q1 loss on divestments, starts share buyback as cash flow improves

Friday 20 April 2018 | 08:23 CET | News
Telia reported a net loss of SEK 600 million for the first quarter, versus a profit of SEK 7.05 billion a year ago, due to losses on divestments in central Asia. Revenues were still up 3.2 percent to SEK 19.85 billion, and adjusted EBITDA rose 7.4 percent to SEK 6.50 billion. Telia also announced plans to buy back SEK 5 billion in shares over the next three years. 

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Categories: General
Companies: Spotify / Turkcell
Countries: Scandinavia
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