TeliaSonera, or now better named Telia Company is an olden goldie in terms of dividend payers. today it released Q1 results which came out better than expected, notably an EBITDA increase of 10.4% before one-off items, and an increased EBITDA margin by 3.1 percentage points to 30.4%
Still topline continues to shrink, declining 1.1% in SEK terms and is likely to continue to fall. Future lies is fiber broadband and build out of services and capacity for coming 5G networks.
Still topline continues to shrink, declining 1.1% in SEK terms and is likely to continue to fall. Future lies is fiber broadband and build out of services and capacity for coming 5G networks.
The ongoing investigations by the US (DoJ), Dutch and Swedish (FI) authorities regarding transactions in Eurasia (alleged improper payments in Uzbekistan) hang over the company like a cold damp cloth. I hope they disclose more information around these investigations in the near future so the company can move on. I suspect the DoJ penalty will be substantial.
Q1 report can be found here: Q1 2016 Report
Q1 report can be found here: Q1 2016 Report
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