Charges to weigh on TeliaSonera in fourth quarter

STOCKHOLM Thu Jan 16, 2014 2:41am EST

STOCKHOLM Jan 16 (Reuters) - TeliaSonera's fourth-quarter profit will be weighed down by one-off items totalling 2.5 billion Swedish crowns ($386 million), mostly made up of non-cash writedowns, the company said on Thursday.

Sweden's biggest telecom operator said it would make goodwill writedowns of a total of 1.17 bilion crowns in Denmark and Lithuania. It also said it would write down the value of its operations in Kazakhstan by 598 million.

Link to statement: r.reuters.com/juw95v ($1 = 6.4798 Swedish crowns) (Reporting by Sven Nordenstam; Editing by David Holmes)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.