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General

Telia Q4 profit down on Eurasia writedowns, dividend still up 15%

Friday 26 January 2018 | 08:49 CET | News
Telia Company reported a sharp fall in net profit for the fourth quarter, as the Swedish operator wrote down its holdings in Eurasia. The company took total impairment charges of SEK 3.850 billion on Azercell, Geocell, Ucell and Moldcell, leading to net profit of SEK 754 million for Q4, down from SEK 7.338 billion a year ago when it booked a profit on the sale of Spanish operator Yoigo. Separately, Telia announced a deal to sell its stake in Geocell. 

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Categories: General
Companies: Azercell / Geocell / MegaFon / Moldcell / Ucell / Yoigo
Countries: Scandinavia
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