TeliaSonera Plans $1.75B Capex This Year, with Accelerated Fiber Roll Out in Sweden

TeliaSonera Plans $1.75B Capex This Year, with Accelerated Fiber Roll Out in Sweden Johan Dennelind, Image Credit: Telenor

Swedish telecom operator TeliaSonera on Friday reported fourth-quarter core earnings that saw the company posting higher EBITDA of 6.56 billion Swedish kronor ($771 million) versus 5.90 billion a year-ago. The operator, however recorded 3.01 billion kronor loss, compared to net profits of 2.94 billion kronor during the same period a year before. The loss is attributable mainly to write-offs in Uzbekistan and Denmark that totaled 7.20 billion kronor, according to TeliaSonera. 

The operator plans to make heavy investments this year with a focus on accelerated fibre rollout in Sweden.

Johan Dennelind, CEP , TeliaSonera
In 2016, the ambition is to maintain EBITDA on a comparable basis at the same level as in 2015 for the continuing operations and CAPEX excluding license and spectrum fees for the continuing operations is expected to be SEK 14-15 billion($USD1.75 billion).

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

PREVIOUS POST

Bouygues Telecom Adds 208k New Mobile Customers in Q3

NEXT POST

BT Posts its Best Quarterly Revenue Growth in 7 Years; to Retain EE Brand

THE EDITOR'S DESK

UPCOMING EVENTS

Artelligence 2019

Telco AI Summit Asia

Network Virtualization and SDN Asia

Network Virtualization & SDN Americas

 

ON TWITTER

ON FACEBOOK