New Street Research - Telia Company (TELIA) New Street: Telia Q4 19: Mixed results, but dividend increase sends positive signal

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New Street Research

Russell Waller ...

Shavar Halberstadt

EUR 1177.30 For Business Accounts Only

New Street: Telia Q4 19: Mixed results, but dividend increase sends positive signal

Given the negativity swirling around Telia in the run up to these results, we think the Q4 19 results are broadly OK.

29/01/2020 7 EN

Underlying

Telia Company

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Provider

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
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

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Analysts

Russell Waller

Shavar Halberstadt

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New Street: Telia Q4 19: Mixed results, but dividend increase sends positive signal

EU TELECOMS REFRESH: Can the outperformance continue?

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

Tariffs & TSMC: the baseline & what’s next

TeleColumbus Q4 results and 2025 outlook – Bullish thesis intact

Odido (T-Mobile NL) (Equal Weight) Q4 24: Good cost control and operational gearing; IPO still possible in 2025

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