Telia's core earnings top expectations on cost-cutting drive

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STOCKHOLM :Nordic telecom operator Telia reported quarterly core earnings ahead of market expectations on Wednesday as its plan to streamline operations led to lower costs, and the company backed its full-year outlook. The company also expects more demand for secure communications products as governments acro

STOCKHOLM :Nordic telecom operator Telia reported quarterly core earnings ahead of market expectations on Wednesday as its plan to streamline operations led to lower costs, and the company backed its full-year outlook.

"The government is a very important customer to us in all our markets... as they have more funding available, we would hope to be able to take advantage of that," Chief Executive Officer Allison Kirkby said in an interview. Western governments have warned https://www.reuters.com/world/europe/west-warns-russian-cyberattacks-critical-infrastructure-2022-04-20 about a potential threat of increased malicious cyber activity by Russia against critical infrastructure as a response to sanctions imposed as punishment for its actions in Ukraine.

 

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