Strategic review of Sergel
TeliaSonera has initiated a strategic review of its Nordic and Baltic credit management services (CMS) and debt purchase business, the Sergel Group. Sergel has historically been the in-house collection unit of TeliaSonera but has gradually expanded its strategic focus to also provide CMS and debt purchase services to external customers. There are however no decisions made at this stage with respect to a structural solution. In 2015, Sergel’s net sales amounted to approximately SEK 0.8 billion, reported within TeliaSonera’s ‘Other Operations’.
TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 13:00 a.m.CET on April 11, 2016.
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Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera.
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