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Telia claims positive start to strategy revamp - Mobile World Live

Telia claims positive start to strategy revamp - Mobile World Live
23 APR 2021
Telia maintained its outlook for 2021, despite recording revenue and net income declines in the first quarter, as CEO Allison Kirkby (
pictured) insisted the company remained resilient in the face of ongoing Covid-19 (coronavirus) headwinds.
In an earnings statement, Kirkby pointed to a return to EBITDA growth of 2.2 per cent year-on-year as a reason for optimism, reaching SEK7.2 billion ($855.6 million), which the CEO said gave it positive start to its recent strategy revamp to “create a better Telia”.
Revenue dropped 2.7 per cent to SEK21.8 billion, put down to lower roaming and an acceleration of legacy declines in Sweden, although offset by growth in its mobile, broadband and TV convergence play, along with equipment sales. In its home market, sales of SEK8.4 billion were 1 per cent higher. ....

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Telia's turnaround strategy gains traction

Telia Company signaled that the new strategy it introduced at the beginning of 2021 is showing early signs of improving the Sweden-based group s fortunes, after a torrid period in 2020.
Allison Kirkby, president and CEO, said the group is now firmly in execution mode and our transformation program is fully under way.
Telia returned to EBITDA growth in the first quarter of 2021, making a positive start on our journey to create a better Telia, despite the pandemic continuing to impact our customers and our colleagues, Kirkby said.
Telling you: Telia says it s back in control after a rocky 2020, posting a return to growth in Q1. ....

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Ceragon : Recap of key 5G news February 2021

Ceragon : Recap of key 5G news February 2021
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

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Telia Company Year-end report January-December 2020

29.1.2021 08:00
Fourth Quarter Summary
Net sales grew 2.7 percent to SEK 23,464 million (22,838) and like for like[4], net sales declined 1.9 percent. Service revenues grew 4.0 percent to SEK 19,765 million (19,007) and like for like[4], service revenues declined 2.1 percent. Adjusted EBITDA declined 5.5 percent to SEK 7,477 million (7,914) and like for like[4], adjusted EBITDA declined 6.6 percent.
COVID-19 had an estimated negative impact of SEK 400 million and SEK 200 million on service revenues and adjusted EBITDA, respectively.
Operating income decreased to SEK -23,001 million (2,600) impacted by a capital loss from the disposal of Turkcell Holding of SEK -17,955 million, mainly related to reclassified accumulated foreign exchange losses which have no effect on total equity. The quarter was also impacted by an impairment of SEK -7,800 million related to goodwill in Finland. ....

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Telia sets out new roadmap after a tough 2020

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. ....

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