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Telia posts Q1 loss on divestments, starts share buyback as cash flow improves
2018-04-20 08:23:00| Telecompaper Headlines
(Telecompaper) Telia reported a net loss of SEK 600 million for the first quarter, versus a profit of SEK 7.05 billion a year ago, due to losses on divestments in central Asia. Revenues were still up 3.2 percent to SEK 19.85 billion, and adjusted EBITDA rose 7.4 percent to SEK 6.50 billion. Telia also announced plans to buy back SEK 5 billion in shares over the next three years.
Nokia and Telia explore industrial applications of 5G
2018-04-12 02:00:00| Total Telecom industry news
Nokia has joined forces with Finnish operator Telia to showcase the industrial applications and potential of 5G. The tests represented one of the first real-world applications of 'Industry 4…read more on TotalTele.com »
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Telia Sweden CEO steps down
2018-04-09 12:41:00| Telecompaper Headlines
(Telecompaper) Telia Sweden said that Helene Barnekow is stepping down as executive vice president and CEO. Johan Dennelind, president & CEO of Telia Company, will temporarily assume the role of CEO of Telia Sweden until a permanent replacement has been found. Barnekow joined Telia Company in April 2014 as Head of Group Commercial, and in June 2015, she was appointed EVP and CEO of Telia Sweden.
Telia Sweden begins search for new CEO as Barnekow resigns
2018-04-09 02:00:00| Total Telecom industry news
Telia Sweden's CEO Hélène Barnekow has resigned from her position at the Scandinavian telco, with immediate effect. She will be temporarily replaced by Telia Group's president and CEO…read more on TotalTele.com »
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Telia sells Spotify stake with 2.4x return on purchase price
2018-03-30 12:29:00| Telecompaper Headlines
(Telecompaper) Telia Company said that it has gradually divested its entire holding in Spotify to institutional investors for USD 272 million or approximately SEK 2.3 billion, ahead of the streaming music company's listing on the stock market. This is equivalent to a return on investment of approximately 2.4 times. Telia invested USD 115 million in Spotify for a 1.4 percent stake in June 2015, after having begun to include Spotify Premium in its services in October 2009.
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