Mobile operator Telia reports adjusted EBITDA of SEK 8.9 billion for the third quarter, up from SEK 8.5 billion in the same quarter last year. Telia raises its growth forecast.
BusinessTelia will save 1 billion kronor a year. This means around 900 jobs will be cut as the company implements a new savings package. “It is of course an incredibly tough and painful announcement to make,” CEO Patrik Hofbauer tells TT.
BusinessPartially state-owned Telia is selling its TV and media operations to Schibsted Media. Previously loss-ridden TV4 is the major part. But it is profitable today, and it was already last year, says Telia's CEO Patrik Hofbauer.
BusinessThe CEO of Teliachef Patrik Hofbauer raises the bar for profitability for the group after the major downsizing package presented at the beginning of September. The target for cash flow is significantly increased.
BusinessTelia needs to become more efficient, simplify its working methods and let the regional operations manage themselves more, according to CEO Patrik Hofbauer. This will be achieved with 3,000 fewer employees. It was a very difficult and tough decision to make, he says about the cutbacks.
BusinessTelia will reduce the workforce by 3,000 people by 2024. The aim is to achieve savings of 2.6 billion kronor per year. "A tough decision", says CEO Patrik Hofbauer. "You're taking it so far it's cracking", criticizes the union.
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