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Ericsson net loss swells to SEK 4.3 billion in Q3, sales fall 6%
2017-10-20 08:30:00| Telecompaper Headlines
(Telecompaper) Ericsson saw its net loss widen to SEK 4.3 billion for the third quarter, from SEK 0.2 billion a year ago, due to a number of one-time restructuring costs and writedowns. Revenues at the network equipment maker also fell 6 percent, to SEK 47.8 billion, and adjusted operating profit, excluding all the charges, was breakeven.
Telia posts SEK 8.8 bln loss on Uzbekistan settlement
2016-10-21 08:53:00| Telecompaper Headlines
(Telecompaper) Telia reported a net loss of SEK 8.81 billion for the third quarter, compared to a profit of SEK 4.59 billion a year ago, due to provisions of SEK 12.5 billion for settling investigations into alleged corruption in obtaining its licence in Uzbekistan. Underlying profit from continuing operations, which excludes its activities in Eurasia and Spain up for sale, was up 0.4 percent year-on-year to SEK 3.60 billion. Telia completed the sale of Yoigo in Spain during the quarter and said it's also nearing a deal to sell its stake in Fintur, the holding company for its Eurasian activities, to minority shareholder Turkcell. An agreement on this is targeted for 2017, the company said.
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Södra Allocates SEK 2.5 Million To New Research Projects
2016-04-20 08:05:48| pulpandpaperonline Home Page
At its last Board meeting, the Södra Foundation for Research, Development and Education decided to grant funding of SEK 2.5 million to support four new research projects.
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TeliaSonera says to book 7.2 bln SEK of impairment charges in Q4
2016-01-14 10:29:07| IT Services - Topix.net
Jan 14 Nordic telecom operator TeliaSonera said on Thursday it will book 7.2 billion Swedish crowns in non-cash impairment charges mainly related to Uzbekistan in the wake of its decision to gradually exit the Central Asian market. TeliaSonera said in a statement it would take an impairment charge of 5.3 billion crowns in the fourth quarter related to its operations in Uzbekistan and that its business in the region, which it calls Eurasia, would be reported as discontinued operations.
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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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