Telia Company AB Q3 2020 Earnings Call Transcript

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

Question: Roman Arbuzov - JPMorgan Chase & Co, Research Division - Analyst : It's Roman Arbuzov from JPMorgan. My question is on 5G rollout, Huawei and CapEx spending. Given the announcement from the regulator yesterday about Huawei ban and given that Telia is less exposed to Huawei than your competitors, how might this influence your thinking and 5G rollout plans? And I guess the context within which I'm asking this question is that I think the Swedish telco industry has been somewhat reluctant to really go full speed in 5G historically because of the necessary investments and also the improving business model. So might this kind of considerably influence your thinking and force you to go much, much faster? And what would that mean for your CapEx outlook as well for you?

Question: Stefan Gauffin - DNB Markets, Research Division - Analyst : Yes. To just continue on the CapEx side, you state that there will be a multiyear investment in the networks ramping up in 2021. And you also talked about network modernization in Sweden, where you've had Ericsson before. Are you still looking at swapping out the old network when you roll out 5G? And can you give some more details in relation to how we should consider CapEx in the coming years on a group level?

Question: Stefan Gauffin - DNB Markets, Research Division - Analyst : Yes. Regarding balance sheet, if I could just ask. Yesterday, Tele2 stated that they were pragmatic relating to owning infrastructure and looking for opportunities to realize financial value. You recently divested the Carrier business. Are you looking for more deals where you can realize value from your infrastructure ownership?