Tuesday, 25 September 2018

TeliaSonera cuts full-year profit outlook as Q3 sales inch up

By Nick Wood, Total Telecom
Tuesday 20 October 15

Swedish telco again defends its financial reporting in wake of Muddy Waters criticism.

TeliaSonera on Tuesday reported a slight increase in third quarter sales but lowered its full-year earnings guidance mainly due to intense competition in Kazakhstan. "Profitability [in Kazakhstan] was also affected by increased interconnect costs due to higher off-net volumes following recent product launches," explained TeliaSonera CEO Johan Dennelind, in a statement. "We have undertaken actions to mitigate the impact but the expectation is that the trends will continue short term…

TeliaSonera on Tuesday reported a slight increase in third quarter sales but lowered its full-year earnings guidance mainly due to intense competition in Kazakhstan. "Profitability [in Kazakhstan] was also affected by increased interconnect costs due to higher off-net volumes following recent product launches," explained TeliaSonera CEO Johan Dennelind, in a statement. "We have undertaken actions to mitigate the impact but the expectation is that the trends will continue short term…

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