0
General

Telia posts Q2 loss on Turkcell sale, underlying sales fall 6% on Covid impact

Friday 17 July 2020 | 09:28 CET | News
Telia Company reported a net loss of SEK 2.03 billion for the second quarter, compared to a profit of SEK 1.65 billion a year earlier, due to a loss on the sale of its stake in Turkcell. Revenues fell 5.9 percent on an underlying basis, as the Covid-19 pandemic impacted roaming, TV and advertising sales, while EBITDA was stable thanks to cost control efforts. Telia maintained its outlook for free cash flow and said it expects EBITDA in the second half of the year to be similar to the first six months. 

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.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Bonnier / Telia / Turkcell
Countries: Scandinavia
::: add a comment
This article is part of dossier

Coronavirus


Add 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.


Related

Telia completes sale of Turkcell stake

Published 23 Oct 2020 12:35 CET | Turkey
Telia Company has formally declared the completion of the sale of its 47.1 percent stake in Turkcell Holding, which owned 51 ...

Telia sells Telia Carrier to pensions investor Polhem Infra for SEK 9.45 bln, restores dividend

Published 06 Oct 2020 09:30 CET | World
Telia Company said that it has agreed to sell its international operation Telia Carrier to pensions investment firm Polhem Infra ...

Telia Estonia revenues up almost 1% in Q2

Published 20 Jul 2020 08:50 CET | Estonia
Operator Telia Estonia announced that its revenues totaled EUR 75.7 million in the second quarter of this year, up by 0.7 percent ...

Telia TV & Media Q2 sales and EBITDA fall 30% as sports cancellations hit subscription and ad income

Published 17 Jul 2020 11:52 CET | Sweden
Telia Company said that the TV & Media division set up in Q4 2019 for the operations taken over from Bonnier Broadcasting were ...

Telia Denmark Q2 net sales drop as fixed revenues decline nearly 15%

Published 17 Jul 2020 11:11 CET | Denmark
Telia Company said Danish net sales fell 3.6 percent to SEK 1.32 billion from SEK 1.37 billion a year earlier and that like for ...

Telia Norway holds Q2 like-for-like net sales steady, lifts like-for-like adjusted EBITDA

Published 17 Jul 2020 10:52 CET | Norway
Telia Norway said that net sales in the second quarter fell by 11.2 percent to SEK 3.23 billion from SEK 3.64 billion but on a ...

Telia Lithuania revenues up, net profit down in Q2

Published 17 Jul 2020 10:18 CET | Lithuania
Revenues at Telia Lithuania totaled EUR 97.1 million in the second quarter of this year, up by 5.6 percent year-on-year. EBITDA, ...

Telia Finland suffers fall of over 4% in Q2 net sales but cost efficiencies boost EBITDA

Published 17 Jul 2020 10:17 CET | Finland
Telia Finland reported a fall of over 4 percent in second quarter net sales as Covid-19 caused declines in television and roaming ...

Telia Sweden Q2 net sales fall 6% as Covid-19 hits pay-TV, roaming and equipment revenue

Published 17 Jul 2020 09:44 CET | Sweden
Telia Company reported a decline of nearly 6 percent in Swedish net sales in the second quarter of 2020 as coronavirus dented ...

Telia appoints new group CFO and COO

Published 16 Jul 2020 13:26 CET | World
Telia Company has announced the appointment of Per Christian Morland, currently chief financial officer of its Norwegian arm, as ...

Turkey takes control of Turkcell as Telia agrees exit for USD 530 mln

Published 18 Jun 2020 08:50 CET | Turkey
Telia Company has reached an agreement to sell its 47.1 percent stake in Turkcell Holding to the state-owned Turkey Wealth Fund ...

Telia Q1 results drop as Covid-19 measures hit TV results

Published 22 Apr 2020 09:28 CET | Scandinavia
Telia Company reported a drop in underlying results for the first quarter, as the Covid-19 outbreak weighed on its TV and media ...

Telia cuts FY outlook as virus hits TV & Media, reduces dividend proposal

Published 26 Mar 2020 13:43 CET | World
Telia Company said the effects of the Covid-19 pandemic will cause it to miss its 2020 forecast for group EBITDA and operational ...

Telia raises dividend 4% after growth in FY results, sees lower cash flow in 2020

Published 29 Jan 2020 09:33 CET | Scandinavia
Telia Company increased its annual dividend by 3.8 percent to SEK 2.45 per share, after meeting its outlook for an increase in ...

Telia completes Bonnier Broadcasting acquisition

Published 02 Dec 2019 14:49 CET | Finland
Telia Company said it has completed the acquisition of Bonnier Broadcasting from Bonnier AB. The operator said that as a media ...

Telia cancels share buyback as service revenue continues lower

Published 17 Oct 2019 09:17 CET | Scandinavia
Telia has decided to cancel its share buyback programme, in order to save cash for investments and a possible economic downturn. ...





Calendar   /   Industry Events

30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec 5G Italy
01 Dec NGON & DCI World
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec Marvell Technology fiscal Q3
03 Dec GCX fiscal Q2
03 Dec Liberty Latin America AGM
::: More Calendar Items