The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Roman Arbuzov - JPMorgan Chase & Co, Research Division - Analyst
: Allison, my question relates to the EBITDA outlook for the full year. And the question is, can you please provide your thoughts on whether you
think it may be conservative given that some of the cost cutting has clearly highlighted some of these as structural in nature. And you also sounded
relatively positive on the TV outlet potentially improving in the second half of the year. So -- and also the COVID impact arguably could be somewhat
lesser in the second half of the year as travel improves. So what do you think about that?
And also, within that answer, if you could please comment on your previous TV EBITDA guidance of SEK 250 million to SEK 500 million. Do you
think it's still an appropriate number -- sorry, between 0 and SEK 500 million. Do you think that's still an appropriate range for the TV business?
Question: Stefan Gauffin - DNB Markets, Research Division - Analyst
: Yes. Just to help us understand a little bit on the COVID-19 impact. Can you help us splitting up the impact from -- based on both the sales and
EBITDA in terms of roaming, sports, advertising and other? I guess roaming is around SEK 300 million on sales and, I guess, around SEK 200 million
on EBITDA. But it would be very helpful to get impact from sports and advertising. .
Question: Stefan Gauffin - DNB Markets, Research Division - Analyst
: Yes. But, I mean, the sports are now up and running. So I guess that -- unless we get a second wave, that revenue will come back. So I just think it's
a bit too conservative to say that you should have a similar impact coming quarters, especially on the revenue side.
Question: Johanna Ahlqvist - SEB, Research Division - Analyst
: Yes. Yes, one question related to the fact that you now sort of enter the sports content space acquiring the Champions League rights, and I'm just
wondering how you look upon the business case here. Is it -- I know that the rights are expensive. We don't know the exact pricing. But how you
expect to monetize on this and get those -- this investment back. Is it purely -- I mean, how much is basically gaining C More subscribers? And how
much is sort of a bundling effect from perhaps gaining more broadband subscribers? So that is the first question. And I have a follow-up on that
because I think you have some experience from the British market where you -- in the Board of British Telecom. And obviously, British Telecom
tried entering the sports content, and they sort of later changed their view and I think they're now teaming up with Sky on the matter, if I'm not
misunderstanding it. So I'm just wondering how you -- do you see any specifics in Sweden that makes this business case stronger for Telia than,
for instance, for BT in U.K.? And yes, any elaboration on that business case would be fantastic.
Question: Abhilash Mohapatra - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst
: Yes. I've just got one on Finland and Norway, please, where in your remarks you talk about sort of setting up Telia as a credible alternative to the
market leader. I'm just wondering how we should interpret those comments. Is this -- should we sort of think of Telia as maybe getting a bit more
aggressive in these markets and pushing the subscriber growth? Or is it a question of sort of maybe focusing on revenue trends? I mean you've
talked about being a rational market leader in Sweden as you try and monetize your investments in 5G and fiber. Would you have a similar approach
in Finland maybe as well and Norway? .
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