Telia posts Q1 loss on divestments, starts share buyback as cash flow improves

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You Are Here:Telia posts Q1 loss on divestments, starts share buyback as cash flow improves

(Telecompaper) Telia reported a net loss of SEK 600 million for the first quarter, versus a profit of SEK 7.05 billion a year ago, due to losses on divestments in central Asia. Revenues were still up 3.2 percent to SEK 19.85 billion, and adjusted EBITDA rose 7.4 percent to SEK 6.50 billion. Telia also announced plans to buy back SEK 5 billion in shares over the next three years. 
Source: Industry News (syndicated from Telecompaper.com)

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