0
General

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

Thursday 20 July 2017 | 09:54 CET | News
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 decline in fibre installation revenues caused by permit and intermediary-related issues, as well as changes in fibre market dynamics. It said operating costs remain too high in Sweden, and it will shed about 8 percent of its workforce there, aiming to cut expenditure by about 5 percent year on year as early as the second half of 2017.

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: Sweden
::: add a comment
This article is part of dossier

Fibre

,

IoT


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

Hexatronic says weak Swedish market hits Q2 profits but international ops raise revenue

Published 16 Aug 2018 12:37 CET | Sweden
Fibre-optic cable equipment manufacturer Hexatronic said that its second quarter results were hit by a weak Swedish market ...

Sweden's Creative Networks sets up power and network construction divisions

Published 01 Mar 2018 12:01 CET | Sweden
Swedish fibre-optic and energy equipment installation company Creative Networks said it is setting up two new subsidiaries, ...

Telia Sweden says fibre excavation permit hitches contribute to lower Q3 net sales

Published 19 Oct 2017 10:33 CET | Sweden
Telia said that net sales in Sweden declined by 2.4 percent year on year in the third quarter, hit by fixed phone turnover ...

Ruwido supplies Telia with IPTV input devices

Published 15 Sep 2017 12:50 CET | Scandinavia
Austrian company Ruwido announced at IBC 2017 that it is cooperating with Telia Company by manufacturing the input devices that ...

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 Sweden launches app to encourage children to be more active

Published 17 Aug 2017 12:32 CET | Sweden
Telia Sweden said it is launching the Telia PEP! mobile application as part of its involvement with the Generation Pep (GEN-PEP) ...

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 starts cost cutting after drop in Q2 results

Published 20 Jul 2017 08:52 CET | Scandinavia
Telia Company reported lower results for the second quarter, hurt by weakness in its home market Sweden and writedowns on its ...

Lattelecom net profit advances 10% in H1

Published 19 Jul 2017 17:41 CET | Latvia
Latvian fixed operator Lattelecom announced that its net profit totaled EUR 16.7 million in the first half, up by 10 percent ...

Com Hem undecided on new build expansion after firm Q2

Published 11 Jul 2017 10:59 CET | Sweden
Swedish operator Com Hem has reported a rise in revenue and profitability in the second quarter to 30 June but sounded a note of ...

Bjare Kraft subcontracts fibre engineering work for 3 towns

Published 07 Jul 2017 12:46 CET | Sweden
Bjare Kraft Bredband said it has signed an agreement with Relacom, Peab and Eltel Networks for fibre connections to 3,000 rural ...

Telia wins contract from Norrbotten, Vasterbotten councils

Published 06 Jul 2017 12:07 CET | Sweden
Telia Company said it has agreed to provide a comprehensive range of communications to local and county councils in Norrbotten ...

Telia buys AI customer care firm Humany

Published 04 Jul 2017 13:26 CET | Sweden
Telia Company said it has agreed to acquire Swedish company Humany and will absorb in into its customer contact centre ...

Telia offers services to Jonkoping's Wetternet customers

Published 20 Jun 2017 13:21 CET | Sweden
Telia Sweden said it has started offering its full range of television, broadband and telephony services to customers of ...

Com Hem complains over access to local networks

Published 26 Apr 2017 12:06 CET | Sweden
At the Markets Day that Swedish regulator PTS held on 20 April, Com Hem submitted a list of supposedly open access networks to ...

Telia starts offering services to Ovik Energi fibre clients

Published 03 Apr 2017 13:35 CET | Sweden
According to Swedish local network alliance SSNf, Telia Company will start offering its television, broadband and telephony ...

Telia Company offers fibre for detached homes in Sala

Published 17 Mar 2017 14:21 CET | Sweden
Telia Company said it is offering fibre broadband to 2,000 detached home owners in Sala, the renowned silver mining town in ...

Most Swedish networks still owned by borough corporation

Published 03 Mar 2017 13:54 CET | Sweden
Most of Sweden's metropolitan telecoms networks are in municipal ownership, according to metro grid association SSNf's report for ...

Fibre expansion could boost Skane, Blekinge tax revenue

Published 27 Jan 2017 13:39 CET | Sweden
Expanding the fibre-optic network in the counties of Skane and Blekinge could lead to the creation of 166 businesses and more ...

Demand for fibre to Swedish detached homes remains high

Published 11 Dec 2014 12:20 CET | Sweden
The association Svenska Stadsnatsforeningen (SSNf) said that metro grids in Sweden invested approximately SEK 1.07 billion on ...

NetNordic offers fibre installations portal

Published 04 Dec 2014 10:50 CET | Sweden
Systems integrator NetNordic announced a new portal to check fibre network installations. Local fibre networks can verify ...

Telia takes rival to court over fibre installation pricing

Published 19 Nov 2014 11:58 CET | Sweden
Telia said it has filed a case with Stockholm District Court against the company Svensk Infrastruktur. Telia said Svensk ...





Calendar   /   Industry Events

21 Apr Ericsson Q1 2021
21 Apr Vivendi Q1 2021
21 Apr Orange Belgium Q1 2021
21 Apr Comcast Q1 2021
21 Apr Verizon Q1 2021
21 Apr Rogers Communications Q1 2021
21 Apr HKBN H1 results
21 Apr Crown Castle Q1 2021
21 Apr Netgear Q1 2021
21 Apr Elisa Q1 2021
21 Apr Proximus AGM
22 Apr Tele2 Q1 2021
22 Apr Orange Q1 2021
22 Apr Intel Q1 2021
22 Apr VeriSign Q1 2021
22 Apr Snap Q1 2021
22 Apr Nordic Entertainment (NENT) Q1
22 Apr AT&T Q1 2021
22 Apr FCC meeting
23 Apr Telia Q1 2021
25 Apr Vodafone Qatar Q1 2021
26 Apr SBA Communications Q1 2021
27 Apr Alphabet Q1 2021
27 Apr Siminn Q1 2021
27 Apr Juniper Networks Q1 2021
27 Apr AudioCodes Q1 2021
27 Apr Mediaset FY results
27 Apr Sequans Q1 2021
27 Apr Corning Q1 2021
27 Apr Calix Q1 2021
::: More Calendar Items