Telia Company AB Q1 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Andreas Joelsson - Danske Bank A/S, Research Division - Analyst : I have 2 questions, 1 for Allison and 1 for PC. If we start with PC: If we take a more longer-term look at the vendor financing program, is this sort of the seasonality that we should expect, that you have a softer start of the year and then a buildup for the rest? And for Allison, on Finland, you have been looking at Finland now for a while and tried to turn it around. And we see that ARPU levels are quite flattish. And given that you have a very broad 5G offering and also the best-quality network in the world, when do you see that ARPU levels on a reported basis are coming up? I understand that they are B2B dilutive, but when do you see that quality also moving into the ARPU level?

Question: Stefan Gauffin - DNB Markets, Research Division - Analyst : Yes. I have a couple of questions around the cash flow. And so repayment of lease liabilities took a step-up of SEK 200 million quarter-on-quarter. Is this the level to be seen going forward, or was this exceptional for Q1? I noticed Q1 last year was also high. Secondly, also on cash flow: So restructuring charges was high, which should have been expected given that you said in Q4 that 1,000 employees would be laid off in Q1. And if we look at number of employees, not much has happened quarter-on-quarter, but I understand there is a time lag. When will this be visible in employee numbers? And should we return to sort of more normal restructuring charges over the coming quarters?