Telia Company today said its Capex (capital expenditure) increased 16.4 percent to SEK 3,647 million in the third quarter of 2016.
Capex of Telia Company for the first nine months of 2016 increased 11.7 percent to SEK 10,484 million.
Telia Company said 2016 is the peak year of the increased investments in fiber, mobile coverage and transformation. Capex for continuing operations, excluding license and spectrum fees, is expected to be SEK 14-15 billion.
Capex increased to SEK 3,648 million (3,134) and the Capex-to-service revenue ratio to 19.8 percent (16.9). Capex excluding license and spectrum fees increased 16.4 percent to SEK 3,647 million (3,134) and the Capex-to-service revenue ratio, excluding license and spectrum fees rose to 19.8 percent (16.9).
In Sweden, Capex increased to SEK 1,743 million (1,400) and Capex, excluding licenses and spectrum fees increased to SEK 1,743 million (1,400).
In Europe region, Capex declined to SEK 1,119 million (1,174) and Capex, excluding licenses and spectrum fees, declined to SEK 1,118 million (1,174).
Net sales, excluding acquisitions and disposals, decreased 1.2 percent to SEK 21,524 million, while net income to SEK -8,641 million (5,023).
