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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Telia Company    TELIA   SE0000667925

TELIA COMPANY

(TELIA)
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Telia : offers concessions to address EU concerns over Bonnier deal

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08/13/2019 | 06:12am EDT
FILE PHOTO: Telia sign is seen on a building in Vilnius

BRUSSELS (Reuters) - Swedish telecoms operator Telia has offered concessions to try to address EU antitrust concerns over its $957 million (£792.87 million) bid for Bonnier Broadcasting, the European Commission said on Tuesday.

BRUSSELS (Reuters) - Swedish telecoms operator Telia has offered concessions to try to address EU antitrust concerns over its $957 million (£792.87 million) bid for Bonnier Broadcasting, the European Commission said on Tuesday.

Telia put in its proposals on Monday, a filing on the EU competition watchdog's website showed.

The Commission, which did not provide details in line with its policy, will now seek feedback from rivals and customers. It has set a Nov. 19 deadline for its decision.

Telia offered concessions in April but these were rejected as insufficient. For telecoms deals, the Commission typically demands providers sell assets to reinforce a smaller rival or grant competitors access to their network.

Regulatory concerns centre on the possibility of Telia shutting out rivals from accessing Bonnier's TV channels and imposing price rises. Bonnier's brands include Sweden's biggest commercial broadcaster TV4, streaming service C More and Finnish MTV. It competes with state broadcaster SVT.

Telia declined to comment. In May, it said that it was confident EU concerns on the deal would be resolved.

(Reporting by Foo Yun Chee, additional reporting by Anna Ringstrom in Stockholm; Editing by Susan Fenton/Keith Weir)

By Foo Yun Chee

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Financials (SEK)
Sales 2019 86 236 M
EBIT 2019 14 327 M
Net income 2019 9 161 M
Debt 2019 78 011 M
Yield 2019 5,95%
P/E ratio 2019 18,7x
P/E ratio 2020 16,0x
EV / Sales2019 2,89x
EV / Sales2020 2,86x
Capitalization 171 B
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Technical analysis trends TELIA COMPANY
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 22
Average target price 42,20  SEK
Last Close Price 41,12  SEK
Spread / Highest target 28,9%
Spread / Average Target 2,64%
Spread / Lowest Target -19,7%
EPS Revisions
Managers
NameTitle
Johan Eric Dennelind President & Chief Executive Officer
Marie-Elisabeth Ehrling Chairman
Magnus Zetterberg COO, Head-Global Services & Operations
Christian Carl Peter Luiga Chief Financial Officer & Executive Vice Present
Agneta Ahlström Director
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