Telia Company attempted to draw a line under a year that was ravaged by the coronavirus pandemic with a new strategy aimed at improving the long-term fortunes of the Sweden-based group. Allison Kirkby, president and CEO, acknowledged that the final quarter of 2020 and the start of 2021 have "continued to be challenging," and conceded that 2021 is expected to be a "year of transition" with flat to low single-digit growth in sales and operating profits (EBITDA) and cash capex of SEK14.5 billion to SEK15.5 billion ($1.7 billion to $1.8 billion). However, she said an "updated strategy" launched today to create a "better Telia" is designed to "return the company to growth and deliver sustainable value creation to our shareholders."