Telia Company began its capital markets day on Tuesday by lowering its profit forecast for the first half of 2019, following a decline in underlying organic EBITDA in January and February. It added that the slowdown was not having an impact on the operational free cash flow and that it expected its EBITDA performance to improve in the second half of 2019.
Meanwhile, the Riksdag Committee on Defence said yesterday that an analysis and “necessary tools” would be required, before any discussion could be held about a divestment of the Swedish state’s minority holding in the operator, in order to protect defence policy interests.
The Swedish Armed Forces have warned of serious consequences, were the holding to be sold, but Moderate policy spokesperson Elisabeth Svantesson has told Dagens Industri that the party’s aim is for a restructuring of Telia, so that the commercial operations can be divested. There is much to suggest that this may eventually happen, given that there is now a majority in Parliament for such a move, following a U-turn by the Sweden Democrats.
We are a small, but qualified team of graduates in politics, economics, English and classics dedicated to providing quality news digests in English that offer readers a first-hand look at the most important topics covered by the Swedish press. Here you will find a selection of the articles that are published in our Swedish Press Review.