Stock market crash for Viaplay - fall for Telia

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Stock market crash for Viaplay - fall for Telia
Photo: Janerik Henriksson/TT

Streaming service Viaplay's parent company Viaplay Group was the worst-performing stock on the Stockholm Stock Exchange on Thursday, falling 14.3 percent.

At the same time, telecommunications operator Telia lost 1.2 percent and was the second-worst performer on the index of the 30 most-traded stocks, with only nine stocks closing in the red.

At the same time, the contract dispute between the companies is ongoing, and 1.2 million Telia subscribers risk losing Viaplay's channels starting Friday.

Negotiations between the parties are ongoing, but there is no information about a completed settlement.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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