Brief: Telia Proposes Further Localization Of Operations
12/10/2026 06:32
BRIEF-Telia Proposes Further Localization Of Operations Oct 12 (Reuters) - Telia Company AB (publ) TELIA.ST:
PROPOSES FURTHER LOCALIZATION OF OPERATIONS, TARGETS SEK 1 BILLION IN ANNUAL GROSS SAVINGS
PROPOSES TRANSFER OF 220 POSITIONS FROM TECHNOLOGY UNIT TO COUNTRY UNITS
TO REDUCE 900 POSITIONS AND TARGETS SEK 1 BILLION IN ANNUAL GROSS SAVINGS
EXPECTS RESTRUCTURING CHARGES OF SEK 600 MILLION IN Q4 2026
EXPECTS POSITION REDUCTIONS COMPLETED BY DEC 31, SUBJECT TO UNION NEGOTIATIONS
EXPECTS NET POSITIVE IMPACT ON FREE CASH FLOW WITH FULL BENEFIT FROM 2028
REITERATES 2026 FINANCIAL OUTLOOK AND MID-TERM FINANCIAL TARGETS
Source text: ID:nWkr6jlpCF
Further company coverage: TELIA.ST
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