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TELIA - Telia AB News Story

SEK36.29 0.1  0.4%

Last Trade - 4:29pm

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

BUZZ-Swedish telecoms: Berenberg turns positive

Tue 17th September, 2019 7:54am
** Berenberg sees market environment as supportive for
Swedish telecom operators, with "encouraging" price increases
this year, especially from market leader Telia  TELIA.ST 
    ** "Telia remains incentivised to pursue sustained,
multi-year price increases given legacy revenue headwinds, and
we would expect Tele2  TEL2b.ST  and Telenor  TEL.OL  to be
largely rational and willing followers", Berenberg says
    ** The brokerage says Tele2 is further well placed to
capitalise in this environment given the pricing "umbrella”
afforded by its tariffs, which are lower than comparable
products from Telia and Telenor
    ** Berenberg says it thinks the launch of a new cost-cutting
initiative at Tele2 is likely in coming months and assumes 750
mln Swedish crowns of incremental cost savings
    ** The brokerage says Tele2 is well placed to take advantage
of the improving Swedish market rationality as well as
anticipated increase in cost savings; ups to "buy" from "hold"
    ** Raises Telia  TELIA.ST  to "hold" from "sell", saying
that while the company's outlook is set to improve, it is still
more expensive and riskier than it looks
    

 ((milla.nissi@tr.com))
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