TeliaSonera writes down Norway, Lithuania operations

Thursday 12 July 2012 | 10:51 CET | News
TeliaSonera has decided to take goodwill impairment charges on its Norwegian unit NetCom and Lithuanian operator Omnitel after recent impairment tests. For NetCom, the impairment charge will be SEK 2.752 billion. The charge primarily relates to the substantial goodwill created at the acquisition of the company in 2000, and the current assessment of the achievable long-term return on investment. The goodwill impairment charge at Omnitel of SEK 318 million is based on a decrease in the total value of the Lithuanian mobile market related to competition and price pressure. The total goodwill

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Categories: Mobile & Wireless
Companies: Omnitel / Telia
Countries: Lithuania / Norway
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