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March 31, 2010updated 12 Apr 2017 4:25pm

TeliaSonera to continue S&L

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 worlds 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)

By Fred Crawley

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.

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.

The 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

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