Telia targets SEK 1 billion annual gross savings in localization overhaul, cuts 900 positions

• Telia unveiled a reorganization to further localize operations, shifting about 220 roles from the central Technology unit to country units.
• The plan targets SEK 1 billion in annual gross savings, including roughly 900 position cuts across employees and consultants.
• Implementation is slated for completion by Dec. 31, subject to union negotiations.
• Restructuring charges are estimated at about SEK 600 million in Q4 2026, with cash outflows mainly in 2027.
• Full run-rate free cash flow benefit is expected from 2028; the 2026 financial outlook was reiterated.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Telia Company AB published the original content used to generate this news brief via Cision (Ref. ID: 202610120130BITN____UKPR__EN_20261010-BIT-1589-0) on October 12, 2026, and is solely responsible for the information contained therein.