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

31 January 2016
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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.

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