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

Thursday 20 July 2017 | 09:54 CET | News
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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.

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Categories: General
Countries: Sweden
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