Swedish incumbent TeliaSonera announced plans to buy back SEK10bn (E1.13bn) worth of shares as the group’s Q4 results highlighted rapid growth in its emerging markets.
The company, which plans to carry out the buyback throughout this year, has also…
Swedish incumbent TeliaSonera announced plans to buy back SEK10bn (E1.13bn) worth of shares as the group’s Q4 results highlighted rapid growth in its emerging markets.
The company, which plans to carry out the buyback throughout this year, has also proposed raising its dividend to SEK2.75 (E0.31) per share from SEK2.25 (E0.25).
Growth from operations in Kazakhstan, Uzbekistan and Azerbaijan helped Telenor post flat year-on-year EBITDA, excluding non-recurring items, of SEK9bn (E1bn) for the three months to the end of December. Q4 2010 revenue was also unchanged year-on-year at SEK27bn (E3bn).
In a statement announcing the results, CEO Lars Nyberg said: “Looking ahead, we believe revenue growth in local currencies will be somewhat higher than in 2010.
“This will mainly be driven by mobile data in the Nordic region, increased market share in Spain and higher mobile penetration in Eurasia.”
