Telia Company initiates a share buy-back program
Telia Company today announces that the Board of Directors has decided to initiate a share buy-back program. The intention is to buy back shares for an annual amount of SEK 5 billion over the coming three-year period, totaling SEK 15 billion. The reason is to return excess cash to shareholders and is a continued effort to optimize the capital structure of the company. Combined with the recently approved ordinary dividend of SEK 2.30 per share, the pro forma annual total shareholder remuneration will equal SEK 3.45 per share.The disposals of assets (mainly related to Turkcell and MegaFon) and