Telia toasted a profitable 2017 as disposals led to a jump in net income, but sales and EBITDA growth was harder to come by.

Like-for-like revenues ticked up 0.4 percent year-on-year to SEK 79.87 billion, despite a 0.3 percent decline in Q4.

Sales were down 1.3 percent in Sweden last year due to lower fixed-line sales, with growth in the number of IoT, mobile and TV customers unable to offset the loss of almost 300,000 fixed telephony subscribers.

The ARPU of mobile customers in Finland pushed revenues there up 2.1 percent to SEK13.74 billion, while wholesale revenues pushed sales up 2.4 percent to SEK10.13 billion in Norway.

Revenues also rose in Estonia and Lithuania, but fell in Denmark.

A mixed EBITDA performance across Telia's opcos meant group EBITDA fell 0.2 percent to SEK25.44 billion last year.

However, net income was up by 56.2 percent to SEK10.15 billion, as it ended up paying less than feared for corruption at its Uzbeki opco.

Profitability was also boosted by disposals in Eurasia, most recently its stake in MegaFon, and Telia announced a new divestment to accompany its full-year results.

Geocell, the Georgian mobile operator it jointly owns with Turkcell, has been sold to JSC Silknet, the country’s largest fixed network operator, for $153 million.

However, the price represents a loss of SEK100 million for Telia once impairments and currency changes are factored in.  

The transaction is subject to regulatory approvals, but Telia said it hopes to close the deal in the second quarter of 2018.

Telia CEO Johan Dennelind said the results gave the operator “a solid platform” for 2018 and forecast group EBITDA would be in line or slightly above 2017.

The year ahead could get trickier for Telia in its home market, following the news that rivals Tele2 and Com Hem are set to merge.

More News

Iliad enters content game in France, finally launches Italian mobile business Iliad enters content game in France, finally launches Italian mobile business Iliad has acquired football rights in France and launched its opco in Italy as it looks to reboot after a disappointing set of financial results. More detail
Three UK appoints new CCO, CFO Three UK appoints new CCO, CFO The departure of Three UK's Chief Commercial Officer after just 18 months in the job has triggered a shake-up of the mobile operator's top team. More detail
TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk has agreed to sell 80,000 business customers to rival Daisy Group in a £175 million deal. More detail
A1 Telekom Austria Group rebrand reaches Bulgaria A1 Telekom Austria Group rebrand reaches Bulgaria Bulgaria is the third A1 Telekom Austria Group opco to get rebranded as the telco looks to market itself as a provider of "advanced" IT, IoT, cloud and content services. More detail
Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services has expanded its work with Dobroflot by developing a customised IoT solution for the Russian fishing company. More detail
    

 

European Communications is now
Mobile Europe and European Communications

  

From June 2018, European Communications magazine 
has merged with its sister title Mobile Europe, into 
Mobile Europe and European Communications.

No more new content is being published on this site - 

for the latest news and features, please go to:
www.mobileeurope.co.uk 

 

@eurocomms