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TELIA - Telia AB News Story

SEK36.29 0.1  0.4%

Last Trade - 5:00pm

Large Cap
Market Cap £12.64bn
Enterprise Value £21.06bn
Revenue £7.57bn
Position in Universe 55th / 1836

BUZZ-Nordic telecoms: Jefferies prefers Telia over Telenor, Tele2

Tue 2nd July, 2019 9:00am
** Jefferies keeps Telia  TELIA.ST  its preference among
Nordic telecoms, reiterates its "buy" recommendation
    ** It says the latest regulatory data from Sweden supports
its view that the company is closer to the fixed end-game,
enabling sustainable capex reduction and FCF upside
    ** The broker concedes that the operating outlook in Sweden
faces near-term challenges but adds management credibility on
reaching FCF targets is "excellent"
    ** Sees Telenor  TEL.OL  ("hold") lagging in the fibre
transition in Norway 
    ** Moreover, Telenor continues to face significant
competitive and strategic challenges in Thailand, and to a
lesser extent also Myanmar and Malaysia
    ** The brokerage says Tele2  TEL2b.ST  ("hold") management
guiding for EBITDA growth at mid-single digit percentages both
for FY 2019 and the medium term is "somewhat unsatisfactory"
    ** This situation could reflect management keeping some
powder dry, but might also include the prospect of tougher
headwinds from legacy business decline than anticipated, it adds

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