Saturday, 23 September 2017

Telia posts Q2 revenue decline, writes down Eurasian assets

By Mary Lennighan, Total Telecom
Wednesday 20 July 16

Swedish operator reaffirms full-year outlook, expects flat to slightly increased earnings compared with 2015.

Telia on Wednesday reported declines in revenue at many of its operations in the second quarter of the year and further wrote down the value of some of its Eurasian assets, but confirmed its guidance for the full year. The Sweden-based operator posted net sales of 21.13 billion kronor (€2.2 billion) in the three months to the end of June, down 2% on the year-ago quarter and a decline of 1% in local currency terms, excluding acquisitions and disposals. EBITDA excluding non…

Telia on Wednesday reported declines in revenue at many of its operations in the second quarter of the year and further wrote down the value of some of its Eurasian assets, but confirmed its guidance for the full year. The Sweden-based operator posted net sales of 21.13 billion kronor (€2.2 billion) in the three months to the end of June, down 2% on the year-ago quarter and a decline of 1% in local currency terms, excluding acquisitions and disposals. EBITDA excluding non…

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