TeliaSonera today said its 2014 operating revenue will be impacted mainly due to its earlier investment in WiMax and economic uncertainty in Tajikistan, Georgia and Moldova.
In the fourth quarter of 2014, operating income will be impacted by non-recurring items of SEK 2,232 million, of which net SEK 1,973 million relate to non-cash items, said TeliaSonera.
TeliaSonera will record SEK 1,465 million non-cash impairment charge related to goodwill and other fixed assets in Tajikistan, Georgia and Moldova.
TeliaSonera will record a non-cash impairment charge of SEK 381 million due to WiMax operation acquired in Kazakhstan in January 2013. TeliaSonera wrote down the value of frequencies related to this operation in 2013. It will write down goodwill and remaining fixed assets at the end of 2014 due to absence of a 4G license and to reflect the operational performance in the WiMax business.
Since TeliaSonera has adopted convergence strategy for IT, obsolete systems and platforms with a book value of SEK 270 million will be written down.
Other non-recurring costs related to redundancies as well as network dismantling in Denmark will be SEK 116 million.
Baburajan K
editor@telecomlead.com
