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TELIA - Telia AB News Story

SEK35.72 -0.0  -0.1%

Last Trade - 5:00pm

Sector
Telecoms
Size
Large Cap
Market Cap £12.44bn
Enterprise Value £20.73bn
Revenue £7.59bn
Position in Universe 59th / 1829

BUZZ-Europe telecoms: UBS wary on tight competition in other mkts, high capex

Fri 15th January, 2021 9:55am
** UBS keeps a cautious view on the European telecom
industry, citing a lack of top-line growth amid an elevated
competition in a number of markets
    ** "Too many markets still have too many players," the
brokerage says, adding that capital expenditures remain high in
the industry due to investments in fibre and 5G spectrum
    ** However, it expects the market to ease in Q2 when 5G
spectrum auctions have been completed and in-market
consolidation opportunities arise
    ** UBS starts Sweden's Tele2  TEL2b.ST  with "buy", as the
company starts "finally" delivering on revenue growth guidance
    ** It also sees potential special dividends from divestments
in the company 
    ** The brokerage starts Telia  TELIA.ST , Tele2's Nordic
peer, with "neutral", saying results of the company's
transformation are likely to take time to crystallize
    ** It expects Telia to announce efficiency targets in its
2020 report, and points to the company's struggle in the
Norwegian market 
    ** UBS cuts BT Group  BT.L  to "sell", saying the downside
risk in the company's stock has been underestimated
    ** It also sees a higher than expected bidding tension for
the company in the 5G spectrum auction at the end of January

 ((boleslaw.lasocki@tr.com))
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