TLSNF - Telia: Why I Just Added Another 0.5% To My Portfolio

2024-05-01 02:42:33 ET

Summary

• Telia's Q1 report showed solid operational momentum and positive trends in mobile, fixed, and consumer growth.
• The company's core segments in Sweden, Norway, Finland, and the Baltic states all performed well, with stable revenue growth.
• Despite previous management mistakes, Telia has the potential for valuation upside and offers a high dividend yield, making it an attractive investment.

Dear readers/followers,

Telia has not been an easy stock to own over the past few years. I overestimated what sort of timeframe the company would recover, and the addition or inclusion of content-oriented portfolio assets like TV4 in the business has diluted the value and made the recovery and upside somewhat more unclear in terms of timing.

I've been covering Telia for a long time - and you can find my last article here. You might think that after a Q1 crash, I would not be keen on taking on more of the company in a portfolio that already has a relatively fair weight towards the telco sector - but you would be wrong....

For further details see: