DOCSLIB.ORG

Telia Company – Annual and Sustainability Report 2019

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Telia Company – Annual and Sustainability Report 2019 BRINGING THE WORLD CLOSER ANNUAL AND SUSTAINABILITY REPORT 2019 CONTENT OUR COMPANY Telia Company in one minute ................................................ 4 2019 in brief ............................................................................ 6 How we create value ............................................................. 8 Comments from the CEO ..................................................... 10 Trends and strategy .............................................................. 12 DIRECTORS' REPORT Group development ............................................................. 16 Country development .......................................................... 32 Sustainability ....................................................................... 41 Risks and uncertainties ....................................................... 62 CORPORATE GOVERNANCE Corporate Governance Statement ....................................... 70 Board of Directors ............................................................... 82 Group Executive Management ............................................ 84 FINANCIAL STATEMENTS Consolidated statements of comprehensive income .......... 86 Consolidated statements of financial position .................... 87 Consolidated statements of cash flows .............................. 88 Consolidated statements of changes in equity ................... 89 Notes to consolidated financial statements ........................ 90 Parent company income statements.................................. 182 Parent company statements of comprehensive income .... 183 Parent company balance sheets ....................................... 184 Parent company cash flow statements .............................. 185 Parent company statements of changes in shareholders' equity ........................................................... 186 Notes to parent company financial statements.................. 187 SUSTAINABILITY NOTES Sustainability Notes ........................................................... 211 OTHER INFORMATION Board of Directors' and President's certification ............... 226 Auditors' Report ................................................................. 227 Auditors' Limited Assurance Report on the Sustainability Report .......................................................... 231 Five-year summary ............................................................ 232 Alternative performance measures ................................... 234 Definitions .......................................................................... 238 Annual General Meeting 2020 ............................................ 240 The audited annual and consoli- The sustainability information dated accounts comprise pages (which also constitutes the 16-210 and 226. The corporate statutory sustainability report) governance statemet examined reviewed by the auditors com- by the auditors comprises pages prises pages 41-61 and 211-225. 70-85. OUR VALUES DARE CARE SIMPLIFY Telia Company AB (publ) Mailing address: 169 94 Solna, Sweden Visiting address: Stjärntorget 1, Solna Corporate Reg. No.: 556103-4249 Registered office: Stockholm Telephone: +46 (0)8 504 550 00 www.teliacompany.com Production: Telia Company AB in cooperation with Narva Photo of the Board of Directors and Group Executive Management: Telia Company OUR COMPANY Telia Company in one minute TELIA COMPANY IN ONE MINUTE WHAT WE DO WHO WE ARE We connect businesses, individuals, families and We are Telia Company, the new generation telco. We communities via fixed and mobile communication provide communication services helping millions of solutions. Our services have a positive effect on social, people to be connected and communicate, do business economic and environmental development and pave the and be entertained. way for an inclusive society. People can stay in touch even when the geographical distance is far. We work with an ecosystem of new start-ups and major service providers. Together we provide the infrastructure for 20,800 86.0 creativity, growth and change. Employees SEK billion in net sales WE PROVIDE MOBILE VOICE IP CAPACITY FIXED VOICE ICT SERVICES AND DATA AND DATA TV AND DEVICES FINANCING MEDIA 4 TELIA COMPANY ANNUAL AND SUSTAINABILITY REPORT 2019 OUR COMPANY DIRECTORS’ REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENTS SUSTAINABILITY NOTES OTHER WHERE WE OPERATE We stand firmly in the Nordics and Baltics and our fiber backbone stretches around the globe. All our mobile operations in Eurasia are divested, except for Moldcell in Moldova for which an agreement to divest was signed in February 2020. SVERIGESWEDEN NORWAY DENMARK FINLAND #1 35% #2 37% #3 19% #2 32% #1 51% #2 14% #3 7% #2 16% #1 32% #2 18% #5 4% #3 26% #2 18% #2 21% #4 1% #3 21% ESTONIA LATVIA LITHUANIA MOLDOVA #1 49% #1 47% #2 29% #2 29% #1 82% #1 82% #1 52% #1 52% Discontinued opera- #2 38% #1 36% tion and held for sale Telia Company’s market share estimate is based on the number of subscriptions. Mobile Fixed voice Broadband TV # Market position % Market share Ownership – Subsidiaries Country Main trademarks Ownership1, % Consolidated share, % Sweden Telia, halebop, Fello, TV4, C More 100 100 Finland Telia, MTV 100 100 Norway Telia, MyCall, OneCall, Phonero, get 100 100 Denmark Telia, Call me, Mit tele 100 100 Estonia Telia, Diil 100 100 Latvia Telia, Lmt 60.32 60.32 Lithuania Telia, Ezys 88.2 88.2 Moldova Moldcell 100 100 THE #1 GLOBAL INTERNET BACKBONE Across 65,000 km of optical Ownership – Associated companies fiber, Telia Carrier’s global Country Main trademarks Ownership1, % Consolidated share, % network footprint connects more than 300 points of pres- Latvia Tet 49.0 49.0 ence in 35 countries. Turkey Turkcell 24.0 24.2 1) Ownership is defined as direct and indirect ownership, i.e. effective ownership. 2) Telia Company directly owns 49 percent of LMT and controls the company through shareholder agreements. In addition, Telia Company indirectly holds an 11.3 percent share of the company. 5 TELIA COMPANY ANNUAL AND SUSTAINABILITY REPORT 2019 OUR COMPANY 2019 in brief 2019 IN BRIEF OUR DARING GOALS – ZERO CO2 & ZERO WASTE BY 2030 With the ambition of becoming the greenest telco on the planet, two daring environmental goals were launched. We aim for zero CO2 emissions in the value chain, and a circular approach to zero waste in our own operations. Read more about our daring goals in Sustainability. SUSTAINABILITY OPERATIONAL FREE CASH FLOW In October 2019, a green bond framework was released. The framework supports Telia Company’s ambition to be considered Outlook: Operational free cash flow is expected to grow to between SEK 12.0 and a leader in sustainable financial management and is an important 12.5 billion from the 2018 level part of realizing the daring environmental goals by supporting (SEK 10.8 billion). investments in energy efficiency and green digital solutions. Telia Company maintained its strong ESG profile, confirmed by Outcome (SEK billion): several external rating agencies. • AAA rating in MSCI ESG 12.6 • Inclusion in FTSE4Good • “Gold supplier” in EcoVadis CONTINUING OPERATIONS SERVICE REVENUES ADJUSTED EBITDA NET INCOME DIVIDEND 73,455 31,017 7,601 2.45 Proposed dividend per share, SEK million (69,553) SEK million (26,540) SEK million (9,523) SEK (2.36) 6 TELIA COMPANY ANNUAL AND SUSTAINABILITY REPORT 2019 OUR COMPANY DIRECTORS’ REPORT CORPORATE GOVERNANCE FINANCIAL STATEMENTS SUSTAINABILITY NOTES OTHER NET SALES Per country Per service Per segment n Sweden, 41% n Lithuania, 5% n Mobile, 44% n TV, 6% n B2B, 33% n Finland, 18% n Estonia, 4% n Equipment, 15% n Telia Carrier, 5% n B2C, 53% n Norway, 17% n Latvia, 3% n Fixed broadband, 9% n Fixed telephony, 4% n Wholesale and Other, 14% n Denmark, 6% n TV and Media, 1% n Business solutions, 8% n Other, 9% n Telia Carrier, 5% OPERATIONAL DATA HIGHLIGHTS 16.7 We established a new segment – TV and Media following the Mobile subscriptions, acquisition of Bonnier Broadcasting. By that Telia Company secured million the leader position in the Nordic media arena by quality content and diversified its revenue streams. 2.4 We maintained the best network leader position in the Nordics. M2M subscriptions, In Finland Telia launched 5G in October and in Norway Telia took the first million steps to upgrade its existing network including rolling-out 5G over the coming four years. In Sweden Telia again was awarded for having the best 1.5 mobile network according to the independent network test “P3”. Fixed voice subscriptions, million We delivered on the cost target to reduce operating expenses on group level by around 2 percent for the full year thanks to strong performance in the second half of the year, mainly driven by Sweden, 2.9 Denmark and common functions. Fixed broadband subscriptions, million 3.1 TV subscriptions, million 7 TELIA COMPANY ANNUAL AND SUSTAINABILITY REPORT 2019 OUR COMPANY How we create value CREATING STAKEHOLDER VALUE Each day, Telia Company helps shape the transition towards a truly digitalized Nordic and Baltic region. Our products and services play a vital role in tackling current and future societal and environmental challenges, but also bring risks and negative impacts. A stakeholder-based approach helps us understand and manage both opportunities and risks, to ensure sustainable profitability and growth. 43.6 SOCIETY Sourcing spend ICT solutions are a vital part of modern infra- (SEK billion) structure, intertwined with most critical societal functions. However, our systems and services can be used in potentially
Load more

Recommended publications
  • 2018-Channel-Guide.Pdf
    CHANNEL GUIDE Additional Packages Multi-Sport Pack ™ DISH Movie Pack Requires subscription to America’s Top 120 Plus or higher package. 15 movie channels and 1000s of titles available On Demand. beIN SPORTS SAP 392 Crime & Investigation 249 EPIX 1 380 Packages beIN SPORTS en Español 873 Big Ten Network 405 EPIX 2 381 Big Ten Network 410 EPIX Hits 382 Bases Loaded/Buzzer Beater/Goal Line 403 FXM 384 CHANNEL GUIDE FOX Sports 2 149 Hallmark Movies & Mysteries 187 Longhorn Network1 407 HDNet Movies 130 MLB Network 152 IndiePlex 378 MLB Strike Zone 153 MGM 385 designed NBA TV SAP 156 MoviePlex 377 NFL Network 154 PixL SAP 388 NFL RedZone 155 RetroPlex 379 NHL Network 157 Sony Movie Channel 386 Outside TV 390 STARZ Encore Suspense 344 Pac-12 Network 406 STARZ Kids & Family SAP 356 Packages Pac-12 Network 409 Universal HD 247 with you SEC Network 404 SEC Network SAP 408 1 Only HD for live events. Plus over 25 Regional Sports Networks TheBlaze 212 designedin mind. HBO (E) SAP 300 Fox Soccer Plus 391 HBO2 (E) SAP 301 HBO Signature SAP 302 HBO (W) SAP 303 with you HBO2 (W) SAP 304 HBO Family SAP 305 HBO Comedy SAP 307 HBO Zone SAP 308 24/7 HBO Latino 309 Customer in mind. Support Cinemax (E) SAP 310 Cinemax (W) SAP 311 MoreMax SAP 312 ActionMax SAP 313 5StarMax SAP 314 Cinemáx 315 99% Signal SAP Showtime (E) 318 * Showtime (W) SAP 319 Reliability Showtime Too SAP 320 Showtime Showcase SAP 321 Showtime Extreme SAP 322 Showtime Beyond SAP 323 The Movie Channel (E) SAP 327 The Movie Channel Xtra (E) SAP 328 FLIX 333 STARZ Encore (E) SAP 340 STARZ
    [Show full text]
  • Reinforcing Work Motivation
    J ÖNKÖPING I NTERNATIONAL B USINESS S CHOOL JÖNKÖPING UNIVERSITY Reinforcing Work Motivation - a perception study of ten of Sweden’s most successful and acknowledged leaders Master thesis within business administration Authors ©: Alexander Hall Niklas Nyman Tutor: Tomas Müllern Jönköping: September 2004 Master thesis within Business Administration Title: Reinforcing Work Motivation – a perception study of ten of Sweden’s most successful and acknowledged leaders Authors: Alexander Hall Niklas Nyman Tutor: Tomas Müllern Date: 2004-09-23 Subject terms: Work motivation, Work encouragement, Incentives, Intrinsic, Extrinsic, Rewards, Compensation, Praise, Delegation, Informa- tion-sharing, Communication, Productivity, Frontline Abstract Problem In pace with a noticeably fiercer global competition and an in- creased customer awareness, today’s organizations are faced with vast requirements for higher productivity and stronger customer- orientation. This transformation has denoted that human re- sources have become more and more accentuated, and a consen- sus has grown for the true power embraced within them. In Sweden, some few prominent leaders have distinguished them- selves by being highly successful in reinforcing employee motiva- tion, and their knowledge and experiences are priceless in the pursuit of utilizing the full potential of the workforce. Purpose The purpose with this thesis is to study how ten of Sweden’s most successful and acknowledged leaders view and work with employee motivation and critically examine their standpoints. The purpose is furthermore to exemplify how other leaders can strengthen employee motivation through adapting these motiva- tional suggestions. Method Qualitative cross-sectional interviews were conducted for the empirical research, holding a hermeneutic and inductive research approach. Respondents The respondent pool is comprised by both commercial leaders, as well as leaders from the world of sports.
    [Show full text]
  • Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA
    Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT
    [Show full text]
  • Telia Company 4 På En Minut
    BRINGING THE WORLD CLOSER ÅRS- OCH HÅLLBARHETS- REDOVISNING 2018 VÅRT FÖRETAG TELIA COMPANY 4 PÅ EN MINUT HÅLLBARHET VI STÅR FAST VID ETT ETISKT, ANSVARS- 8 FULLT FÖRETAGANDE VD 2018 VAR ETT 10 HÄNDELSERIKT ÅR TRENDER ETT KONSTANT ÖKANDE BEHOV 12 AV UPPKOPPLING Den reviderade årsredovisnin- Den av revisorerna översiktligt gen och koncernredovisningen granskade hållbarhetsinforma- INNEHÅLL omfattar sidorna 16–207 och tionen (som också utgör den 224. Den granskade bolagsstyr- lagstadgade hållbarhetsrap- ningsrapporten ingår på sidorna porten) omfattar sidorna 40–62 71–86. och 208–223. VÅRT FÖRETAG RÄKENSKAPER Telia Company på en minut ................................................... 4 Koncernens totalresultatrapporter ...................................... 87 2018 i korthet ......................................................................... 6 Koncernens balansrapporter ............................................... 88 Skapat värde .......................................................................... 7 Koncernens kassaflödesrapporter ...................................... 89 Hållbarhet – höjdpunkter ........................................................ 8 Koncernens rapporter över förändringar i eget kapital ....... 90 Styrelseordförandens kommentar .......................................... 9 Koncernens noter ................................................................ 91 Koncernchefens kommentar ................................................ 10 Moderbolagets resultaträkningar .....................................
    [Show full text]
  • Money for Nothing the Billion-Dollar Pirate Subscription IPTV Business
    Money for Nothing The Billion-Dollar Pirate Subscription IPTV Business August 2020 Table of Contents Executive Summary 1 The Troubling History of Television Piracy 4 The Pirate Subscription IPTV Ecosystem 6 The Profitability of Pirate Subscription IPTV Services 12 Splitting the Billion-Dollar Pie 14 Conclusion 23 Appendix: The Players Behind the PS IPTV Ecosystem 25 Table of Figures Figure 1 – Sample PS IPTV storefront, landing page 7 Figure 2 – Sample PS IPTV storefront, sales pitch 7 Figure 3 – Sample PS IPTV service, live TV 8 Figure 4 – Sample PS IPTV service, movies 8 Figure 5 – Sample PS IPTV Facebook advertisement 9 Figure 6 – PS IPTV Ecosystem 11 Figure 7 – Content theft 25 Figure 8 – Content distribution, subscription IPTV 26 Money for Nothing: The Billion-Dollar Pirate Subscription IPTV Business i Executive Summary onsumers have more high-quality entertainment to watch on their television sets, computers, tablets, and phones than ever before. But while consumers can select from an ever-growing Cvariety of legal services, illegal streaming services have emerged in their shadow, leveraging stolen content and off-the-shelf streaming technologies to deliver entertainment at a fraction of the cost of legitimate content providers. The most virulent and fast-growing illegal streaming enterprise is the pirate subscription Internet Protocol Television (PS IPTV) Service. This type of service mimics the practices of legitimate streaming services. It charges by the month or by the year – typically, about $10 - $15 per month. And for that low price, it provides the customer with thousands of channels of linear television from around the world, and often with tens of thousands of titles for video on demand, including movies still showing in theaters and every episode of entire TV series.
    [Show full text]
  • Countries Partner Name Afghanistan Afghan Wireless Communication Company (AFGAW) Afghanistan TDCA Corporation (AFGTD) Albania Albtelecom Sh.A
    Countries Partner name Afghanistan Afghan Wireless Communication Company (AFGAW) Afghanistan TDCA Corporation (AFGTD) Albania ALBtelecom sh.a. (ALBEM) Algeria OPTIMUM TELECOM ALGERIE Spa (DZAOT) Andorra Andorra Telecom SAU (ANDMA) Angola Movicel - Telecomunicacoes S.A. (AGOMV) Angola Unitel S.A. (AGOUT) Anguilla Cable and Wireless (Anguilla) Ltd (AIACW) Antigua and Barbuda Cable & Wireless Antigua & Barbuda Ltd (ATGCW) Argentina Telecom Personal S.A. (ARGTP) Armenia Armenia Telephone Company (Armentel) (ARM01) Aruba Servicio di Telecomunicacion di Aruba (ABWSE) Australia Telstra Corporation Limited (AUSTA) Austria Hutchison Drei Austria GmbH (AUTCA) Austria T-Mobile Austria GmbH (AUTMM) Austria A1 Telekom Austria AG (AUTON) Austria A1 Telekom Austria AG (AUTPT) Azerbaijan Azercell Telecom LLC (AZEAC) Azerbaijan Bakcell Limited Liable Company (AZEBC) Bahamas The Bahamas Telecommunications Company (BHSBH) Bahrain Bahrain Telecommunications Company (BHRBT) Bangladesh Grameen Phone Ltd. (BGDGP) Barbados Cable & Wireless (Barbados) Ltd (BRBCW) Belarus JLLC Mobile TeleSystems (BLR02) Belarus Belarusian Telecommunications Network CJSC (BLRBT) Belgium Orange Belgium (BELMO) Belgium Proximus PLC (BELTB) Belize Belize Telemedia Limited (BLZ67) Benin Spacetel-Benin (BENSP) Bermuda Bermuda Digital Communications Ltd. (BMUBD) Bhutan Tashi InfoComm Ltd Thimphu (BTNTC) Bolivia Nuevatel PCS de Bolivia S.A. (BOLNT) Bosnia and Herzegovina Public Enterprise Croatian Telecom JSC (BIHER) Botswana Mascom Wireless (Pty) Limited (BWAGA) Botswana Orange Botswana
    [Show full text]
  • Annual Report 2010 2 Traction Annual Report 2010 Shareholder Information
    ANNUAL REPORT 2010 2 TRACTION ANNUAL REPORT 2010 SHAREHOLDER INFORMATION Ankarsrum Assistent AB SHAREHOLDER INFORMATION 2011 May 9 Interim Report for the period January – March May 9 Annual General Meeting 2011 July 21 Interim Report for the period January – June October 27 Interim Report for the period January – September Subscription to financial information via e-mail may be made at traction.se, or by e-mail to [email protected]. All reports during the year will be available at the Company’s website. Traction’s official annual accounts are available for downloading at the website well before the Annual General Meeting. TRACTION ANNUAL REPORT 2010 3 CONTENTS CONTENTS 4 2010 SUMMARY 6 PRESIDENT’S STATEMENT 8 TRACTION’S BUSINESS 1 5 BUSINESS ORGANISATION 16 LISTED ACTIVE HOLDINGS 19 UNLISTED ACTIVE HOLDINGS 23 SUBSIDIARIES 26 OWNERSHIP POLICY 28 TRACTION FROM AN INVESTOR PERSPECTIVE 32 A SMALL SELECTION OF TRANSACTIONS OVER THE PAST TEN YEARS 36 THE TRACTION SHARE 38 BOARD OF DIRECTORS 3 9 ADDRESSES Nilörngruppen AB 4 TRACTION ANNUAL REPORT 2010 TRACTION IN BRIEF 2010 SUMMARY • Profit after taxes amounted to MSEK 206 (SEK 12.11 per share). • The change in value of securities was MSEK 110 (267). • Operating profit in the operative subsidiaries amounted to MSEK 67 (–13). • Underwriting of new issues in Switchcore, Rörvik Timber, PA Resources and Alm Brand, which generated revenue of MSEK 15.5 (7.8). • The return on equity was 15 (25) %. • Equity per share amounted to SEK 95 (85). • Sharp increases in profit of Nilörngruppen and Ankarsrum Motors. • Traction’s liquid capacity for new, active engagements amounts to MSEK 800.
    [Show full text]
  • Termination Rates at European Level January 2021
    BoR (21) 71 Termination rates at European level January 2021 10 June 2021 BoR (21) 71 Table of contents 1. Executive Summary ........................................................................................................ 2 2. Fixed networks – voice interconnection ..................................................................... 6 2.1. Assumptions made for the benchmarking ................................................................ 6 2.2. FTR benchmark .......................................................................................................... 6 2.3. Short term evolution of fixed incumbents’ FTRs (from July 2020 to January 2021) ................................................................................................................................... 9 2.4. FTR regulatory model implemented and symmetry overview ............................... 12 2.5. Number of lines and market shares ........................................................................ 13 3. Mobile networks – voice interconnection ................................................................. 14 3.1. Assumptions made for the benchmarking .............................................................. 14 3.2. Average MTR per country: rates per voice minute (as of January 2021) ............ 15 3.3. Average MTR per operator ...................................................................................... 18 3.4. Average MTR: Time series of simple average and weighted average at European level .................................................................................................................
    [Show full text]
  • Turkcell Annual Report 2010
    TURKCELL ANNUAL REPORT 2010 GET MoRE oUT of LIfE WITh TURKCELL CoNTENTS PAGE our Vision / our Values / our Strategic Priorities 4 Turkcell Group in Numbers 6 Turkcell: Leading Communication and Technology Company 8 Letter from the Chairman 10 Board Members 12 Letter from the CEo 14 Executive officers 16 Superior Technologies 22 More Advantages 32 Best Quality Service 40 More Social Responsibility 46 Awards 53 Managers of Turkcell Affiliates 54 Subsidiaries 56 human Resources 62 Mobile Telecommunication Sector 66 International Ratings 72 Investor Relations 74 Corporate Governance 78 Turkcell offices 95 Consolidated financial Statement and Independent Audit Report 96 Dematerialization of The Share Certificates of The Companies That Are Traded on The Stock Exchange 204 The Board’s Dividend Distribution Proposal 205 2 3 oUR VISIoN oUR STRATEGIC PRIoRITIES To ease and enrich the lives of our customers with communication and As a Leading Communication and Technology Company, technology solutions. • to grow in our core mobile communication business through increased use of voice and data, • to grow our existing international subsidiaries with a focus on profitability, oUR VALUES • to grow in the fixed broadband business by creating synergy among Turkcell Group companies through our fiber optic infrastructure, • We believe that customers come first • to grow in the area of mobility, internet and convergence through new • We are an agile team business opportunities, • We promote open communication • to grow in domestic and international markets through communications, • We are passionate about making a difference technology and new business opportunities, • We value people • to develop new service platforms that will enrich our relationship with our customers through our technical capabilities.
    [Show full text]
  • 3 1 Jan. 2013
    KvK Rotterdam/Rotterdam 3 1 JAN. 2013 FINTUR HOLDINGS B.V. CONSOLIDATED FINANCIAL STATEMENfS AT 31 DECEMBER 2011 TOGETHER WITH INDEPENDENf AUDITORS' REPORT adopted by the general meeting of shareholders by resolution passed on 29 Jamuary 2013 vastgesteld door de algemene vergadering van aandeelhouders bij besluit op 29 januari 2013 Prkt.'\\illl:rhou.sc(;oopers A<:countm11s N. \'. For idenlifirolion purpo~ouly lo pwc FINTUR HOLDINGS B.V. CONTENTS CONTENTS PAGES REPORT OF THE BOARD OF DIRECTORS .......................... 3-5 CONSOLIDATED FINANCIAL STATEMENTS................................................................... 6 - 58 CONSOLIDATED BALANCE SHEETS................................................................................. 7 CONSOLIDATED STATEMENTS OF INCOME.................................................................. 9 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME............................. 10 CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY......................................... 11 CONSOLIDATED STATEMENTS OF CASH FLOWS.......................................................... 12 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS.................................... 13-58 NOTE I ORGANISATION AND NATURE OF OPERATIONS............................................................................... 7-8 NOTE 2 BASIS OF PREPARATION AND SUMMARY OF SIGNIFICANT RELEVANT ACCOUNTING POLICIES.......................................................................................................................... 9-33 NOTE 3 SEGMENT
    [Show full text]
  • Ready for Upload GCD Wls Networks
    LTE‐ Region Country Operator LTE 5G Advanced Eastern Europe 93 60 18 Albania Total 320 Albania ALBtelecom 100 ONE Telecommunications (formerly Albania Telekom Albania) 110 Albania Vodafone Albania 110 Armenia Total 330 Armenia MTS Armenia (Viva‐MTS) 110 Armenia Ucom 110 Armenia VEON Armenia (Beeline) 110 Azerbaijan Total 430 Azerbaijan Azercell 100 Azerbaijan Azerfon (Nar) 110 Azerbaijan Bakcell 110 Azerbaijan Naxtel (Nakhchivan) 110 Belarus Total 431 Belarus A1 Belarus 101 Belarus Belarusian Cloud Technologies (beCloud) 110 Belarusian Telecommunications Network Belarus (BeST, life:)) 110 Belarus MTS Belarus 110 Bosnia‐Herzegovina Total 310 Bosnia‐Herzegovina BH Telecom 110 Bosnia‐Herzegovina HT Mostar (HT Eronet) 100 Bosnia‐Herzegovina Telekom Srpske (m:tel) 100 Bulgaria Total 530 Bulgaria A1 Bulgaria (Mobiltel) 110 Bulgaria Bulsatcom 100 Bulgaria T.com (Bulgaria) 100 Bulgaria Telenor Bulgaria 110 Bulgaria Vivacom (BTC) 110 Croatia Total 331 Croatia A1 Hrvatska (formerly VIPnet/B.net) 110 Croatia Hrvatski Telekom (HT) 111 Croatia Tele2 Croatia 110 Czech Republic Total 433 Czech Republic Nordic Telecom 100 Czech Republic O2 Czech Republic (incl. CETIN) 111 Czech Republic T‐Mobile Czech Republic 111 Czech Republic Vodafone Czech Republic 111 Estonia Total 331 Estonia Elisa Eesti (incl. Starman) 110 Estonia Tele2 Eesti 110 Telia Eesti (formerly Eesti Telekom, EMT, Estonia Elion) 111 Georgia Total 630 Georgia A‐Mobile (Abkhazia) 100 Georgia Aquafon GSM (Abkhazia) 110 Georgia MagtiCom 110 Georgia Ostelecom (MegaFon) (South Ossetia) 100 Georgia
    [Show full text]
  • Africa Kagiso Digital Primedia Broadcasting APAC Asia
    Africa Kagiso Digital Primedia Broadcasting APAC Asia MediaCorp Oceania AXR PTE LTD Grant Broadcasters Light FM Nine Radio Nova Entertainment Pty Ltd Southern Cross Austereo Totally Media Pty Ltd South Asia Gaana Hungama Digital Entertainment Media Corp Canada Bell Media Canadian Broadcasting Corporation Quebecor Stingray Digital Europe Karnaval Radio Kerry AdTonos Number One Media Group Radioline Capital Radio NRG Media Talpa Radio Deezer Prisa Radio Williams Broadcasting Grupo Renascenca PRS Digital Srl Zemeho iVoox Global Podcasting Service RADIOCORP LATAM Grupo RPP Radio Alvorada Acir SAT S.A de CV GTB Radiodifusores SRL RADIOS IMC Audio Video SA de CV Jovem Pan Radiopolis Blink 102 FM Imagen Radios Grupo Globo Cadena Radial Costarricense MIX 102.1FM RIO Radio Zocalo S.A de CV CRP Radios MK Publicita Propaganda e PublicidadeRadiodifusora Ltda Queretaro S.A. de C.V. Dial Brazil MobRadio Sistema Vida Colombia S.A. Estereo Azul, S.A. Nova Brasil Televisao Atalaia Ltda Futbol de Primera MVS Radio Mexico TV ACCION Grupo ABC Radio NRM Web SA DE CV Wicca E.U. Grupo BluRadio Prisa Radio Mexico Radio Grupo Grada Producciones Wilvin SA Sistema O POVO de Radios Grupo Radio Centro JB FM Sua Musica Grupo Radiodifusoras Capital Palco MP3 MENA Anghami Go Alive Media TIM Media United States Emmis Radio LLC M&M Media 977Music.com Entercom Mapleton Communications AEIBO LLC Entravision Communications Max Media America Multimedios ESPN Radio Corporate Midwest Adams Radio Group LLC First Media Radio Milner Broadcasting All Pro Broadcasting Inc Flood Communications LLC Mood Media Beasley Mezzanine Fox News Network LLC Neuhoff Communications Bloomberg GateHouse Media Newsweb Radio Bonneville GOW Communications NOBEX Buck Owens One Company Inc.
    [Show full text]