Swedish telecoms company TeliaSonera has
announced plans to continue to provide sale and leaseback products
on IT-related equipment.
The company, which last year opened the
world’s first 4G network, has already signed around 20 deals of
this kind, including one recently with Swedish IT company Govoda
for SEK 50 million (€5.1 million). Other lessees have included Bong
Ljungdahl, Taxibil and Itell Investments.
Go deeper with GlobalData
According to Esmerk Swedish News, the company
has “stated it plans to continue its sale and leaseback financing
policy”.
The net value of the company’s operating lease
agreements totalled SEK 964 million, according to its latest
financial statement for the six months to the end of December
2009.
Its operating lease portfolio includes 20
agreements “with international operators” and “85 other contracts”
which have an average team of 20 years, the report added.
It also has operating lease agreements, with
terms of up to six years, with TeliaSonera’s end customers in
Sweden and Finland.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe value of its net investments in finance
lease contracts, with customers in Sweden, Finland, Denmark and
Estonia, total SEK 1.1 billion.
These finance agreements, 68 percent of which
carry a fixed interest rate and 32 percent a floating interest
rate, include one with a Finnish power company for the lease of
electricity meters with SIM cards.
Brendan Malkin
