Friday, January 16, 2015

Telia profit warning after new billion bang – Swedish newspaper Svenska Dagbladet

Telia profit warning after new billion bang – Swedish newspaper Svenska Dagbladet

The uncertain economic situation in several countries in Eurasia TeliaSonera is able to write down the value by a total of 2.232 billion crowns. The impairment charge relates mainly activities in Tajikistan, Georgia and Moldova 1.5 billion. In addition, an impairment loss of 381 million for operations in Kazakhstan.

The impairment is charged to operating profit for the fourth quarter.

It is not the first time that Telia go on a billion bang. Almost exactly a year ago, TeliaSonera took writedowns of 2.5 billion.

The share is initially turned down, but stabilized at the same level as the Stockholm Stock Exchange, which is slightly down.

The text is updated.

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