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General

TeliaSonera lowers FY outlook on weakness in Kazakhstan

Tuesday 20 October 2015 | 08:48 CET | News
TeliaSonera lowered its outlook for full-year organic EBITDA after reporting a slightly lower result for the third quarter. The company previously expected stable organic revenue and EBITDA this year, but now sees EBITDA coming in slightly lower. In the third quarter, organic sales increased 2.4 percent, while EBITDA excluding one-time items, currency effects and acquisitions and disposals declined 0.9 percent. The operator blamed the decline on its operations in Eurasia, and in particular Kazakhstan where it's suffering from intense price competition. This was offset by positive organic

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Categories: General
Companies: MegaFon / Telia / Turkcell
Countries: Europe
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