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Telia posts Q2 revenue decline, writes down Eurasian assets

2016-07-20 02:00:00| Total Telecom industry news

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

Telia to sell Yoigo stake to MasMovil for EUR 479 mln

2016-06-21 09:56:00| Telecompaper Headlines

(Telecompaper) Swedish telecommunications group Telia has agreed to sell its 76.6 percent stake in Spanish mobile operator Yoigo to MasMovil for EUR 479 million. In a statement, Telia said the transaction price is based on an enterprise value of EUR 625 million for 100 percent of Yoigo. "The divestment of Yoigo is an important milestone in our ambition to increase focus on our operations in the Nordics and Baltics," said Telia CEO Johan Dennelind, adding that "I am happy that we have an agreement with MasMovil, which will be able to leverage a small but great and agile team into a combined unit, creating an even stronger challenger in the Spanish market." The deal is expected to close in the third quarter of 2016 subject to approval from Spanish competition authorities.

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Telia joins battle for Finland's Anvia

2016-06-21 02:00:00| Total Telecom industry news

Sweden-based telco faces competition from Elisa, ICT investment firm Finda.

Tags: battle joins telia finlands

Telia ties up with Ericsson, Nokia, Intel on NB-IoT

2016-06-16 12:51:00| Telecompaper Headlines

(Telecompaper) Telia said it is cooperating with Ericsson, Nokia and Intel to develop the standard for the Narrow-Band Internet of Things (NB-IoT). It expects to take NB-IoT products to market in the course of 2017. IIts features are the low cost of mobile units, lower energy consumption, cheaper installation and better coverage, both indoors and outdoors.

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