TeliaSonera today said it will be making an investment of $1.76 billion or SEK 14-15 billion in 2016 towards Capex in telecom networks.

The investment plan for 2016 indicates that there will be no significant increase in Capex during the current year. In 2015, TeliaSonera’s Capex increased to SEK 14,595 million (11,955) and Capex excluding license and spectrum fees increased to SEK 14,289 million from SEK 11,955 million.

TeliaSonera revenue and investment highlights

Revenue up 5.9% to SEK 22,655 million in Q4
Revenue up 6.7% to SEK 86,569 million in 2015
Capex up 20.3% to SEK 4,903 million in Q4
Capex up 19.5% to SEK 14,285 million in 2015

“2015 and 2016 are two years with heavy investments for TeliaSonera. We foresee continued high activity in 2016, due largely to an accelerated roll-out of fiber in Sweden. We will step up business transformation activities, mainly targeting our IT and product legacy to reduce costs and strengthen competitiveness,” said TeliaSonera CEO Johan Dennelind.

TeliaSonera said its Capex excluding license and spectrum fees increased to SEK 4,903 million (4,075) and the Capex to service revenue ratio, excluding license and spectrum fees to 26.5 percent from 23 in Q4 2014.

Capex including license increased to SEK 5,209 million (4,075) and the Capex to service revenue ratio increased to 28.1 percent from 23 percent, said TeliaSonera.