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Telia Company net sales drop 6.3% in 2Q17

20 Jul 2017

Sweden-based Telia Company has reported net sales of SEK19.8 billion (USD2.4 billion) for the three months ended 30 June 2017, down 6.3% on an annualised basis. Adjusted EBITDA for the period under review dropped 4.6% to SEK6.1 billion, while adjusted operating income plummeted 16.7% to SEK3.7 billion. Telia reported a total net loss of SEK308 million for the second quarter, with the bottom line impacted by the telco’s ongoing Eurasian divestment programme.

Looking ahead, Johan Dennelind, President and CEO of Telia Company, commented: ‘Regarding the divestment of the remaining operations in Eurasia, progress is being made … We reiterate that our best estimate is that the assets will be disposed during 2017. We continue our discussions with the Department of Justice (DoJ), the Securities and Exchange Commission (SEC) and the Dutch authorities about our resolution of their investigations and we are hopeful that we will be able to achieve it soon … We keep on shaping the new Telia in the Nordics and Baltics, while we work relentlessly to ensure a balanced exit from Eurasia in order to fully focus on the next phase of Telia Company.’

Sweden, Telia Company

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