Telia Company AB (publ) (TELIA) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

to 2025 results presentation. And with that, I'll now hand over to Telia Company's Head of Investor Relations, Eric Strandenpers. Please go ahead, the floor is yours. Thank you, Michael. Welcome, everyone, to the call on this busy morning. We have a presentation ahead of us. We have Patrick Hofbauer, our CEO, and Erik Hagerman, our CFO, to present the results. And after that, we'll go to Q&A, and we'll try this time to make sure everyone has a chance to ask questions. So we'll do two questions each this time, please. But before that, we have lots to present. So, Patrick, please go ahead. Thank you Erik and good morning everyone. Let me go through what I believe was a very eventful quarter that shows that we are on the right track with our strategic agenda. I'm glad to see that the new organization is delivering efficiencies according to plan and that we continue to execute well on our ambitions to strengthen our core and make Telia more robust. Financially and as a group, we continue to track according to our overall plan, even though the picture is a bit mixed with an EBITDA overperformance in Sweden and Finland, but somewhat weaker development in Norway. As I said, it was an eventful quarter and our M&A team has been working around the clock. Firstly, to close the TV and media transaction. Secondly, for the signing of the memorandum of understanding with our partner in Latvia that will see us fully exit from Latvia in 2026. And thirdly, you saw today a public tender for all outstanding shares of Breban 2, which will strengthen our consumer business in Sweden. Innovation also remains a key strategic priority and we are proud to have extended the North Star Innovation Program by welcoming the Swedish Armed Forces aboard. We are excited to work with them and our other...