MNI BRIEF: PBOC, MOF To Promote Treasury Trades Progressively

MNI: PBOC Net Injects CNY276 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY278 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1159 Weds; -1.39% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1159 WEDS VS 7.1148

MNI China Daily Summary: Tuesday, June 18

Japan May Exports +13.5% Y/Y; Imports +9.5% Y/Y

MNI BRIEF: Japan May Exports Rise On Automobiles, Auto Parts

MNI: JAPAN MAY EXPORTS +13.5% Y/Y; APRIL +8.3%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Telia Spreads Little Moved On Reports Of TV4 Sale

COMMUNICATIONS
  • Affarsvarlden reported yesterday afternoon that Telia is negotiating the sale of the TV4 network with potential buyers including Norway's Schibsted, Sweden's Bonnier, and Denmark's Egmont for a reported sale price up to SEK 5bn but potentially as low as SEK 3-4bn.
  • Telia bought Bonnier Broadcasting, including the TV4 brand, from Bonnier AB for SEK9.2bn in 2019.
  • Leverage has been on the rise in recent year at Telia, with rolling ND/EBITDA at 2.5x from a recent low of 2x in 2022 against management’s 2x-2.5x target.
  • Telia faces SEK 10.2bn in 2024 maturities versus a 9M23 cash balance of SEK 7.9bn so asset sales like this (and their exit from the Danish market expected to close in Q1) can be meaningful for refinancing and any leverage reduction.
Credit BulletsBulletHomepagemarkets-real-timeCredit
Credit BulletsBulletHomepagemarkets-real-timeCredit

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.