Telia improves operational momentum in Q3
October 23, 2025
Telia Company, the Swedish multinational telco, has reported that Q3 revenue amounted to SEK 19.9 billion (€1.82bn) and increased 1.1 per cent like for like. Service revenue increased 1 per cent driven by continued strong momentum in Sweden and the Baltics.
Revenue for the first 9 months of the year amounted to SEK 59.7 billion and increased 1.8 per cent like for like.
Commercial progress
In Sweden, service revenue growth remained healthy at 2 per cent, despite continued drag from copper legacy services, led by over 5 per cent growth in fixed service revenue in the consumer business, driven by both TV and broadband. Customer additions were strong across mobile, broadband and TV. The company hopes to close the acquisition of Bredband2 (announced in July) in Q1 2026.
In Finland, revenue was stable in the quarter, while EBITDA growth was solid. A plan to improve performance in Finland includes stabilising mobile market share, turning around SME business and improving profitability. The group says it is seeing progress in all three areas, most clearly in growth in consumer and SME mobile customer numbers and an increased EBITDA margin year-to-date.
Norway is seeing expected headwinds, with service revenue decline of 3.5 per cent mainly due to lower mobile wholesale traffic. However, mobile end-user service revenue is growing and, supported by price adjustments, Telia expects overall service revenue to stabilise in the coming quarters. The brand portfolio remains strong, in particular Phonero, which again topped the EPSI survey for most satisfied enterprise customers. The fixed business remains challenged for now, but Telia says it has “a clear plan” to improve performance in the coming 12 months.
Lithuania continued the solid performance seen in recent quarters, with mid-single digit revenue growth and high-single digit EBITDA growth. A back-end IT transformation within B2C was completed in the quarter, and the positive effects helped driving customer satisfaction further up from already high levels. CAPEX efficiency remains solid and the rolling 12-month adjusted EBITDA less CAPEX is now more than 30 per cent higher than two years ago.
Estonia improved the growth trends from the previous quarter, driven by mobile and fixed services and above all by ICT revenue from enterprises and the public sector.
Patrik Hofbauer, President & CEO, commented: “We are now more than a year into the execution of our plan to become a simpler, faster and more efficient Telia. We have healthy operational momentum in Sweden and the Baltics, and are executing on our plan to strengthen both revenue and overall performance in Norway and Finland. Our country-led organisation is delivering improved service quality, customer satisfaction and continued strong employee engagement across our markets. We have taken initial steps to improve performance and are encouraged by the results seen so far. We are now fully focused on driving continuous efficiency gains across our operations in the coming years. At Telia, we want to be the best in everything we do. This is our responsibility as an industry leader, and the only way to ensure we continue to grow, create value, and be the most relevant, trusted and progressive partner for our customers.”