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General

Telia posts SEK 8.8 bln loss on Uzbekistan settlement

Friday 21 October 2016 | 08:53 CET | News
Telia reported a net loss of SEK 8.81 billion for the third quarter, compared to a profit of SEK 4.59 billion a year ago, due to provisions of SEK 12.5 billion for settling investigations into alleged corruption in obtaining its licence in Uzbekistan. Underlying profit from continuing operations, which excludes its activities in Eurasia and Spain up for sale, was up 0.4 percent year-on-year to SEK 3.60 billion. Telia completed the sale of Yoigo in Spain during the quarter and said it's also nearing a deal to sell its stake in Fintur, the holding company for its Eurasian activities, to

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Categories: General
Companies: Turkcell / Yoigo
Countries: Europe
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