2012-07-12 17:57

TeliaSonera makes 37-million-euro goodwill impairment charge for Lithuania's Omnitel

Scandinavian telecoms group TeliaSonera said on Thursday that it has made a goodwill impairment charge of 318 million Swedish kronor(EUR 37 mln) related to Omnitel, Lithuania's biggest mobile phone operator.
„TeliaSonera“
„TeliaSonera“ / „Reuters“/„Scanpix“ nuotr.

"The goodwill impairment charge in Omnitel is based on a decrease of the total value of the Lithuanian mobile market related to competition and price pressure," the company said in a press release.

It added that the goodwill impairment charge would be reported in its second-quarter consolidated financial statements.

TeliaSonera said earlier that it would seek to stabilize prices for Omnitel's communications services after a recent decline.

The group owns 100 percent of shares in Omnitel and holds an 84.6 percent stake in Teo LT, Lithuania's biggest integrated telecoms, IT, and TV services company.

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