The pandemic impacts on Telia’s revenue and EBITDA were not significant in Q1, except for the recently bought TV-related operations (supposed to represent 9.5% of Telia’s revenues and 4.5% of its EBITDA) whose revenues have decreased by 6.9% and whose EBITDA was nil. It was, however, quite expected as at the end of March Telia decided to lower its dividend by 25% due to the negative impact of the pandemic on its TV acquisitions. We maintain our Buy opinion on the stock.
22 Apr 2020
No COVID-19 impact on the telecom side but on TV operations
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
No COVID-19 impact on the telecom side but on TV operations
Telia Company AB (TELIA1:HEL) | 0 0 0.9% | Mkt Cap: 163,504m
- Published:
22 Apr 2020 -
Author:
Jean-Michel Salvador -
Pages:
3
The pandemic impacts on Telia’s revenue and EBITDA were not significant in Q1, except for the recently bought TV-related operations (supposed to represent 9.5% of Telia’s revenues and 4.5% of its EBITDA) whose revenues have decreased by 6.9% and whose EBITDA was nil. It was, however, quite expected as at the end of March Telia decided to lower its dividend by 25% due to the negative impact of the pandemic on its TV acquisitions. We maintain our Buy opinion on the stock.