Fourth quarter and full-year 2023 financial results impacted by non-cash impairments

After conducting the annual review of the carrying value of Telia Company’s assets, there is a need to perform non-cash impairments of SEK 4.1 billion, whereof goodwill of SEK 2.8 billion related to Finland and goodwill of SEK 0.9 billion related to TV and Media. The impairments follow from changes to investment plans, market conditions and the regulatory environment.

Until the audit of the fourth quarter and full-year 2023 financial results is completed, all financial references in this press release are preliminary.

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We are Telia Company. Our approximately 19,000 talented colleagues serve millions of customers every day in one of the world’s most connected regions. With a strong connectivity base, we’re the hub in the digital ecosystem, empowering people, companies and societies to stay in touch with everything that matters 24/7/365 - on their terms. Read more at www.teliacompany.com