Telia shares rise on beat and raise

By Reuters News

** Shares in Swedish telecom operator Telia TELIA.ST rise 4% after the company lifted its 2026 outlook, following a better-than-expected Q3

** Telia ups its adjusted EBITDA growth guidance to 3-4% (prev.: around 3%), and the FCF one to at least SEK 9 billion ($910.63 mln) (prev.: around SEK 9 bln)

** Its Q3 adj. EBITDA of SEK 8.89 bln beats analysts' average forecast of SEK 8.79 bln

** JPM highlights that group service revenues beat consensus estimates as they were "driven by mission-critical revenues in Sweden" alongside solid other business operations

($1 = 9.8797 Swedish crowns)

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