Telia announced two days ago the sale of its international carrier business for SEK9.45bn. This deal has enabled the group to propose an additional dividend, bringing the total dividend for 2019 back to what was originally proposed in January this year. We maintain our opinion at Buy on the stock as we believe Telia deserves to join the best in class group in the telecom sector which is currently offering a 4-4.5% dividend yield.
08 Oct 2020
Must return to its February levels
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Telia Company AB (TELIA1:HEL) | 0 0 0.9% | Mkt Cap: 163,504m
- Published:
08 Oct 2020 -
Author:
Jean-Michel Salvador -
Pages:
3
Telia announced two days ago the sale of its international carrier business for SEK9.45bn. This deal has enabled the group to propose an additional dividend, bringing the total dividend for 2019 back to what was originally proposed in January this year. We maintain our opinion at Buy on the stock as we believe Telia deserves to join the best in class group in the telecom sector which is currently offering a 4-4.5% dividend yield.