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Telia Company AB (TELIA.ST)

TELIA.ST on Stockholm Stock Exchange

43.48SEK
14 Dec 2018
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0.76kr (+1.78%)
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Latest Key Developments (Source: Significant Developments)

Telia sells interest in Kcell and dissolves Fintur partnership with Turkcell
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Telia Company AB ::COMPANY DIVESTS ITS INTEREST IN KCELL AND DISSOLVES FINTUR PARTNERSHIP WITH TURKCELL.SAYS AGREED PRICE FOR TELIA COMPANY'S AND FINTUR'S 75 PERCENT IN KCELL IS USD 446 MILLION, WHICH IMPLIES AN ENTERPRISE VALUE (EV) OF USD 771 MILLION FOR 100 PERCENT ON A CASH AND DEBT FREE BASIS.SAYS THIS PRICE CORRESPONDS TO AN EV/EBITDA MULTIPLE OF 5.0X BASED ON LAST TWELVE MONTHS PER SEPTEMBER 2018.SAYS KCELL TRANSACTION IS EXPECTED TO RESULT IN A GAIN OF APPROXIMATELY SEK 1.1 BILLION FOR TELIA COMPANY'S SHARE BEFORE RECLASSIFICATION OF ACCUMULATED FOREIGN EXCHANGE LOSSES OF SEK 0.9 BILLION TO NET INCOME FROM DISCONTINUED OPERATIONS.SAYS HAS ALSO SIGNED AN AGREEMENT TO ACQUIRE TURKCELL'S 41.45 PERCENT STAKE IN FINTUR FOR A PRICE BASED ON THEIR PROPORTIONAL SHARE OF CASH IN FINTUR.SAYS TOTAL CASH POSITION IN FINTUR WAS APPROXIMATELY SEK 6.1 BILLION BY END OF NOVEMBER WHICH WILL BE SPLIT PROPORTIONALLY WHEREBY TELIA COMPANY PAYS 95 PERCENT ON CASH VALUE TO TURKCELL FOR THEIR PART.SAYS IN TOTAL TELIA KEEPS APPROXIMATELY SEK 3.7 BILLION PLUS ITS PROCEEDS FROM KCELL.SAYS CASH IN FINTUR WILL BE DISTRIBUTED TO TELIA COMPANY IN FULL.SAYS AS A RESULT OF TRANSACTION TELIA COMPANY BECOMES SOLE SHAREHOLDER OF MOLDCELL IN MOLDOVA, REPRESENTING APPROXIMATELY 0.7 PERCENT OF SERVICE REVENUES AND 0.6 PERCENT OF TOTAL EBITDA IN TELIA COMPANY.  Full Article

Ice Group says to raise NOK 3 bln in Oslo IPO
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Ice Group As ::ICE GROUP INTENDS TO APPLY FOR A LISTING ON OSLO BØRS.ICE GROUP TODAY ANNOUNCES ITS INTENTION TO LAUNCH AN INITIAL PUBLIC OFFERING OF ITS ORDINARY SHARES AND TO APPLY FOR A LISTING ON OSLO BØRS.THE IPO IS EXPECTED TO CONSIST OF AN ISSUE OF NEW SHARES TO RAISE GROSS PROCEEDS OF ABOUT NOK 3.0 BILLION ($353.47 MILLION).CURRENT MAJORITY OWNER IN THE COMPANY, ACCESS INDUSTRIES (AND AFFILIATES), INTENDS TO REMAIN A SUBSTANTIAL SHAREHOLDER AFTER THE IPO AND WILL NOT SELL ANY SHARES IN CONNECTION WITH THE IPO.REPORTED CONSOLIDATED REVENUES OF NOK 1.23 BILLION IN THE FIRST NINE MONTHS OF 2018, UP 30% COMPARED TO THE SAME PERIOD LAST YEAR.IPO IS INTENDED TO SUPPORT ICE GROUP’S STRATEGY TO FURTHER EXPAND ITS NETWORK IN NORWAY, TO CONTINUE ITS SUBSCRIBER AND REVENUE GROWTH, AND TO SIGNIFICANTLY IMPROVE EBITDA AND CASH FLOW.IN THE PAST THREE YEARS ICE GROUP HAS GROWN ITS TOTAL SMARTPHONE MARKET SHARE IN NORWAY FROM ZERO TO 7.4 PERCENT.THE PLANNED IPO IS EXPECTED TO PROVIDE US WITH ADDED STRATEGIC AND FINANCIAL FLEXIBILITY TO SUPPORT OUR GROWTH AMBITIONS.IN THE LONG TERM, MANAGEMENT’S AMBITION IS ARPU GROWTH OF ABOUT 2.5 PERCENT/YEAR, SMARTPHONE SUBSCRIPTION MARKET SHARE IN EXCESS OF 25 PERCENT, EBITDA MARGIN IN THE MID-40 PERCENT, AND CAPEX OF ABOUT 10 PERCENT OF SALES.DNB MARKETS AND UBS LIMITED ARE ACTING AS JOINT GLOBAL COORDINATORS AND JOINT BOOKRUNNERS IN THE IPO; CARNEGIE AS AND PARETO SECURITIES AS ARE ACTING AS JOINT BOOKRUNNERS IN THE IPO.  Full Article

Telia says acquisition of GET and TDC Norway Completed
Monday, 15 Oct 2018 

Oct 15 (Reuters) - Telia Company AB ::ACQUISITION OF GET AND TDC NORWAY COMPLETED.  Full Article

Telia Company gets approval to acquire GET and TDC Norway
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Telia Company AB ::TELIA COMPANY GETS APPROVAL TO ACQUIRE GET AND TDC NORWAY.  Full Article

Norway's competition watchdog approves Telia's acquisition of Get/TDC
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Telia Company AB ::NORWAY COMPETITION AUTHORITY SAYS APPROVES TELIA'S ACQUISITION OF GET/TDC.  Full Article

Telia CEO sees no room for more big acquisitions
Friday, 20 Jul 2018 

July 20 (Reuters) - Telia Company AB ::TELIA CEO SAYS NO ROOM FOR FURTHER BIG ACQUISITIONS AFTER TWO ANNOUNCED DEALS THIS WEEK, FOCUS NOW TO CLOSE DEALS AND THEN ON INTEGRATION .  Full Article

Telia CEO says has room for more acquisitions without impact on plans for share buy-backs, dividend
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Telia CEO Johan Dennelind tells Reuters::SAYS HAS ROOM FOR MORE ACQUISITIONS WITHOUT IMPACT ON PLANS FOR SHARE BUY-BACKS, DIVIDEND.  Full Article

Telenor CEO sees "no big effects" from Telia-TDC deal
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Telenor ASA ::TELENOR CEO SAYS WE DON'T SEE ANY BIG EFFECTS FROM TELIA-TDC DEAL ON TELENOR IN NORWAY.  Full Article

Telia Company acquires TDC's Norway business in 21 bln NOK deal
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Telia Company AB ::COMPANY ACQUIRES TDC'S NORWEGIAN BUSINESS.AT AN ENTERPRISE VALUE OF NOK 21 BILLION ON A CASH AND DEBT FREE BASIS.SAYS TELIA COMPANY ACQUIRES GET AND TDC NORWAY AT AN ENTERPRISE VALUE OF NOK 21 BILLION ON A CASH AND DEBT FREE BASIS.ACQUISITION WILL STRENGTHEN TELIA COMPANY'S POSITION ON NORWEGIAN MARKET.SAYS WILL COMBINE ITS AWARD-WINNING MOBILE NETWORK WITH GET'S SUPREME TV AND FIXED SERVICES TO CREATE A STRONG CHALLENGER ON NORWEGIAN MARKET WITH CONVERGED CUSTOMER OFFERINGS.SAYS PURCHASE PRICE OF NOK 21 BILLION CORRESPONDS TO AN EV/EBITDA MULTIPLE OF 12.1X BASED ON 2017, AND 9.0X INCLUDING EXPECTED SYNERGIES.SAYS COMPANY EXPECTS TO GENERATE FULL RUN RATE SYNERGIES OF NOK 0.6 BILLION BY 2021 FROM B2C AND B2B CROSS-SALES, CHURN REDUCTION AND OTHER COST EFFICIENCIES.SAYS ACQUISITION IS ESTIMATED TO INCUR INTEGRATION COSTS DURING 2019 AND 2020 OF APPROXIMATELY NOK 200 MILLION ANNUALLY..SAYS ACQUISITION OF GET AND TDC NORWAY IS SUBJECT TO APPROVAL FROM RELEVANT AUTHORITIES AND IS EXPECTED TO BE COMPLETED IN SECOND HALF OF 2018.SAYS THIS TRANSACTION PUTS OUR NET DEBT TO EBITDA PRO FORMA AT 1.9X I.E SLIGHTLY BELOW OUR TARGET OF 2X PLUS/MINUS 0.5X.SAYS EARLIER COMMUNICATED SHARE BUY-BACK PROGRAM AND DIVIDEND POLICY REMAINS INTACT.  Full Article

Telia, Latvia Deepen Cooperation As LMT, Lattelecom Investors
Thursday, 12 Jul 2018 

July 12 (Reuters) - Telia Company AB ::TELIA COMPANY AND THE LATVIAN GOVERNMENT TO IMPROVE STRATEGIC COORDINATION IN LMT AND LATTELECOM.TELIA COMPANY'S PRESIDENT AND CEO JOHAN DENNELIND AND PRIME MINISTER OF LATVIA MĀRIS KUČINSKIS HAVE SIGNED A MEMORANDUM OF UNDERSTANDING ON IMPROVING THEIR COOPERATION AS SHAREHOLDERS IN LMT AND LATTELECOM.FOCUS IS ON IMPLEMENTING GOOD CORPORATE GOVERNANCE PRACTICES, IMPROVING DECISION-MAKING AND CLEARER STRATEGIC SUPERVISION OF COMPANIES' ACTIVITIES.SHAREHOLDERS HAVE ALSO AGREED TO WORK ON ESTABLISHING AN INNOVATION CENTRE.IMPLEMENTATION OF MEMORANDUM WILL TAKE PLACE OVER COMING MONTHS.  Full Article

UPDATE 1-Kazakhtelecom buys 75 pct stake in Kcell from Telia, Turkcell

ASTANA/STOCKHOLM, Dec 12 Kazakh state-controlled telecommunications firm Kazakhtelecom is buying a 75 percent stake in local mobile operator Kcell from Sweden's Telia and Turkcell, Kazakhtelecom and Telia said on Wednesday.