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Tag: sek
Telia sells Telia Carrier to pensions investment firm Polhem Infra for SEK 9.45 bln, restores dividend
2020-10-06 09:30:00| Telecompaper Headlines
(Telecompaper) Telia Company said that it has agreed to sell its international operation Telia Carrier to pensions investment firm Polhem Infra for SEK 9.45 billion on a cash and debt-free basis but is forming a long-term partnership with Telia Carrier to enable it to keep providing network services to Telia customers. The transaction is expected to generate a capital gain of about SEK 7.00 billion and the directors are proposing an extra dividend of SEK 0.65 per share, bringing the total dividend for 2019 back to the level originally proposed in January.
Tags: firm
investment
carrier
sells
Swedish govt provides SEK 1.40 bln more broadband subsidies in 2021, reaching SEK 2.85 bln by 2025
2020-09-17 09:46:00| Telecompaper Headlines
(Telecompaper) Swedish communications regulator PTS has announced the provision of an extra SEK 1.40 billion in funding for broadband in 2021, bringing the total sum available for distribution up to and including 2025 to SEK 2.85 billion. The announcement follows the government's budget proposal for next year.
Tags: swedish
reaching
broadband
sek
Ericsson announces SEK 1 bln write-down for 5G inventory in China in Q2
2020-06-08 09:32:00| Telecompaper Headlines
(Telecompaper) Ericsson said it will write down approximately SEK 1 billion worth of pre-commercial product inventory for the Chinese markets in the second quarter. This will be reported under the Networks segment and will affect the gross margin. The vendor still maintains its financial targets for 2020 and 2022.
Tags: in
china
inventory
ericsson
NENT to cut non-sports costs by another SEK 700 mln, scraps dividend and incentive plan, suspends Studios ops sale
2020-03-20 14:04:00| Telecompaper Headlines
(Telecompaper) Nordic Entertainment Group (NENT) has announced measures to cut non-sports costs by SEK 700 million, hitting its 2020 results, because of Covid-19. It has scrapped its proposal for a SEK 7.0 per share dividend for 2019 and its long-term executive incentive plan, both of which were due to go to vote at the AGM on 19 May. It will suspend the sale of the non-scripted production, branded entertainment and events business operations of NENT Studios.
Swedish authority fines Google SEK 75 mln for breaching 'right to be forgotten'
2020-03-11 09:39:00| Telecompaper Headlines
(Telecompaper) The Swedish Data Protection Authority (DPA) said it is imposing a fine of SEK 75 million on Google for failure to comply with the right to be forgotten under GDPR. The search engine operator has three weeks to appeal.
Tags: to
google
authority
forgotten
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