Telia AB logo

TELIA - Telia AB News Story

SEK36.15 0.5  1.3%

Last Trade - 06/05/21

Sector
Telecoms
Size
Large Cap
Market Cap £12.38bn
Enterprise Value £20.74bn
Revenue £7.51bn
Position in Universe 55th / 1831

Telia says won't hit 2020 outlook, lowers dividend proposal

Thu 26th March, 2020 12:08pm
STOCKHOLM, March 26 (Reuters) - Swedish telecom operator
Telia Company  TELIA.ST  said on Thursday it no longer expected
to reach its 2020 forecast for core earnings and cashflow due to
the effects from the coronavirus outbreak hitting its TV & Media
unit.
    Telia said its board had decided to lower its dividend
proposal to 1.80 crowns per share from 2.45 crowns previously.
    The company's shares fell after the news, by 7.0% at 1203
GMT.

 (Reporting by Johannes Hellstrom, editing by Anna Ringstrom)
 ((johannes.hellstrom@thomsonreuters.com; +46850242388; Reuters
Messaging: johannes.hellstrom.reuters.com@reuters.net))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.