Telia warns of $1.9 bln impairment as interest rates rise

STOCKHOLM: Swedish telecom operator Telia Company warned on Friday its fourth-quarter results would be negatively impacted by non-cash impairments across its operations.

The impairments reflected broad macro-economic changes, including increased capital costs from rising interest rates, the company added.

Telia said in a statement the total impairment cost would amount to 19.8 billion crowns ($1.93 billion).