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TELIA - Telia AB News Story

SEK37.25 0.4  1.1%

Last Trade - 18/05/21

Sector
Telecoms
Size
Large Cap
Market Cap £12.80bn
Enterprise Value £21.17bn
Revenue £7.52bn
Position in Universe 55th / 1828

BUZZ-Nordic telecoms: GS sees structurally accelerating growth

Mon 22nd March, 2021 8:26am
** Goldman Sachs continues to see the Nordic telecom markets
as structurally superior versus the rest of Europe, set to
deliver accelerating underlying growth from 2021, irrespective
of any COVID rebounds
    ** The brokerage highlights the scope for rare, speed-based
pricing in consumer mobile to leverage 5G and boost user
revenues and growth, which is only possible in more concentrated
markets, such as the Nordic one
    ** Moreover, business-to-business (B2B) should not decline
in the Nordic markets like it does in the rest of Europe, it
says, expecting growth in Finland, Norway while Sweden "is a
more mixed picture"
    ** The regulatory backdrop in Finland, Norway and Sweden
remains benign, the broker adds
    ** GS upgrades Elisa  ELISA.HE  to "buy" from "neutral",
says the company's superior and resilient revenue growth looks
set to accelerate the broker's estimates
    ** It keeps its "buy" rating on Tele2  TEL2b.ST  due to the
broker's raised confidence in the scope for sustainable Swedish
revenue growth to return this year, ahead of guidance and
consensus
    ** The brokerage downgrades Telia  TELIA.ST  and Telenor
 TEL.OL  to "neutral" saying that neither are likely to see
meaningful returns improvement and forecast upside until 2022

 ((marta.frackowiak@thomsonreuters.com))
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