0
General

Telia starts cost cutting after drop in Q2 results

Thursday 20 July 2017 | 08:52 CET | News
Telia Company reported lower results for the second quarter, hurt by weakness in its home market Sweden and writedowns on its remaining Eurasia activities. Telia said it hopes to sell the rest of the Eurasian activities by year-end and raised its outlook for full-year cash flow thanks to the divestments already completed.

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
Countries: Scandinavia
::: add a comment

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

Published 26 Jan 2018 08:49 CET | Scandinavia
Telia Company reported a sharp fall in net profit for the fourth quarter, as the Swedish operator wrote down its holdings in ...

Telia to continue cost cutting, divestments as Q3 organic sales drop 0.5%

Published 19 Oct 2017 08:50 CET | Sweden
Telia reported sales down 8.8 percent to SEK 19.628 billion in the third quarter, hurt by divestments and a slowdown on the ...

Telia Sweden improves customer device status tracking via eBuilder

Published 11 Sep 2017 13:31 CET | Sweden
Mobile device management provider eBuilder said that Telia Sweden has improved its customer services using eBuilder's Device ...

Telia Estonia expands and upgrades network in H1

Published 21 Jul 2017 10:30 CET | Estonia
Mobile operator Telia Estonia said it deployed 150 new base stations across the country in the first half of this year. It said ...

Telia Lithuania revenues up 12% in Q2, EBITDA flat

Published 20 Jul 2017 13:39 CET | Lithuania
Telia Lithuania reported revenues of EUR 94.6 million in the second quarter of this year, up by 12.4 percent year-on-year. ...

Telia Denmark Q2 revenues fall after scrapping prepaid mobile service

Published 20 Jul 2017 11:15 CET | Denmark
Telia Denmark reported a 2.7 percent drop in second quarter net sales in local currency, with service revenues down 1.5 percent. ...

Telia Norway Q2 service revenue boosted by wholesale growth, ARPU rises

Published 20 Jul 2017 10:46 CET | Norway
Telia Norway said that net sales in the second quarter grew by 3.2 percent in local currency, with service revenues up 3.1 ...

Telia Finland lifts Q2 sales by 1.5% but suffers drop in customers

Published 20 Jul 2017 10:19 CET | Finland
Telia Finland lifted EBITDA reported currency by 5.1 percent in the second quarter, with a rise in net sales in local currency of ...

Telia Sweden to cut 8% of jobs as fibre installation income falls in Q2

Published 20 Jul 2017 09:54 CET | Sweden
Telia Sweden suffered a 6.9 percent drop in adjusted EBITDA in the second quarter as net sales fell by 2.0 percent, hit by a ...

Telia warns of hit to Q2 results on further Ucell writedown

Published 14 Jul 2017 12:17 CET | Uzbekistan
Telia Company has warned for a negative impact on second-quarter profits, due mainly to a further writedown on the value of its ...

Telia buys Nebula Top from Ratos for EUR 165 mln

Published 22 May 2017 12:30 CET | Finland
Telia Company has acquired 100 percent of Nebula Top, a Finnish provider of cloud services to small and medium-sized enterprises ...

Telia agrees to sell Turkcell shares worth SEK 4.43 bln

Published 04 May 2017 13:28 CET | Turkey
Telia Company said that its subsidiary Sonera Holding has agreed to sell an aggregate of 155 million ordinary shares in Turkcell ...

Telia completes sale of Tcell stake

Published 27 Apr 2017 12:37 CET | Tajikistan
Telia has completed the sale of its remaining stake in Tajikistan operator Tcell after all, after earlier saying it was having ...

Telia organic sales growth improves to 3% in Q1

Published 26 Apr 2017 08:39 CET | Scandinavia
Telia reported improving sales trends in the first quarter, with organic sales in local currency up 3.0 percent, compared to only ...