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TeliaSonera takes SEK 7.2 bln charges for Eurasia, Denmark
2016-01-14 08:12:00| Telecompaper Headlines
(Telecompaper) TeliaSonera will report its Region Eurasia as discontinued operations in its full-year results and will be taking impairment charges totaling SEK 7.2 billion related to operations in Uzbekistan and Denmark. The news is part of the company's strategy to gradually pull out of Region Eurasia, which will be reported as held for sale. As a result, the operating profit for the fourth quarter will include a one-off non-cash charge of SEK 5.3 billion related to the company's operations in Uzbekistan and another of SEK 1.9 billion for operations in Denmark, following the company's withdrawal from the proposed joint venture with Telenor in Denmark.
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Category:Telecommunications