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Broadband

Telia TV & Media Q3 service revenues fall 13%

Wednesday 21 October 2020 | 14:48 CET | News
Telia Company said that the TV & Media division set up in Q4 2019 for the operations taken over from Bonnier Broadcasting reported net sales of SEK 1.63 billion in the third quarter, down by 13.2 percent on a like-for-like basis. Service revenues dropped by 13.2 percent on a like-for-like basis, mainly as advertising revenue fell amid lower demand caused by Covid-19, but also because pay-TV sports customers declined. This was the result of not having the rights for Swedish club football this season.

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Categories: Broadcast & Satellite / Internet
Companies: Telia
Countries: Europe / Scandinavia
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