STOCKHOLM (Reuters) – Nordic telecom operator Telia reported quarterly core earnings ahead of market expectations on Friday, helped by growth in service revenue in several markets.
The company’s fourth-quarter adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) fell 1.6% to 7.29 billion Swedish crowns ($778.02 million) from a year earlier, beating the mean forecast of 7.22 billion crowns, according to Refinitiv estimates.
($1 = 9.3699 Swedish crowns)
(Reporting by Supantha Mukherjee in Stockholm; Editing by Simon Johnson)
