New Street Research - Telia Company (TELIA) New Street: Telia (Neutral, TP: SEK39, +1%) Q1 22: Much improved Telco trends (esp EBITDA) - Quick Take

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New Street Research

Russell Waller

EUR 9306.00 For Business Accounts Only

New Street: Telia (Neutral, TP: SEK39, +1%) Q1 22: Much improved Telco trends (esp EBITDA) - Quick Take

Telia has reported a good set of Q1 numbers, with numbers ahead of consensus (c2% at EBITDA) and posted better SR and EBITDA trends at the core Telecom businesses, including a faster than expected EBITDA recovery in Finland.

27/04/2022 1 EN

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Telia Company

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
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Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

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Analysts

Russell Waller

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New Street: Telia (Neutral, TP: SEK39, +1%) Q1 22: Much improved Telco trends (esp EBITDA) - Quick Take

New Street: EU Telecoms: Why are energy costs leading to guidance cuts when spot prices are falling?

New Street: Telia (Neutral, TP: SEK40, +25%) Q3 22: Energy cost drag leads to guidance cut

New Street: EU Telecoms Inflationary cost update: electricity costs are down, prices are rising

CityFibre & Three UK Can they get their deals done by year-end?

SATS: model update

Airtel Africa (Buy, TP: GBP1.5, +42%) Q4 24: Decent, Solid top line but slower EBITDA; positive message on HoldCo cash

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