Telia Company Results Presentation Deck slide image

Telia Company Results Presentation Deck

OPEX delivering to plan Key drivers Analogue customer interaction Many products and legacy Manual work Complex IT, technical debt Non-data driven approach Fragmented supplier base Mass communication Expanding over head Biggest impact so far from; Digital omnichannel journeys Few but common Products Digitized automated Processes Scalable standard Platforms Data empowered People Few but strategic Partners Targeted communication Reduced over head Platform and Partner consolidation Fewer attended and more digital customer interactions Overhead reduction Going forward more impact from Common Products and Platforms and Process efficiency/automation 30 OPEX excluding energy development In SEK billion, 2020 average FX rates, excl. Telia Carrier, R12 2020 -0.5 - 2021 - -2 -0.6 2022 -0.9 SEK 1.1bn net OPEX reduction since 2020 enabled by transformation agenda resulting in -2k reduction in FTE/FTC and lower IT cost 2023 Ambition remain to deliver net SEK 2bn reduction by end of 2023 Another 1.5k resource reduction of which 1.0k in Q1 Further efficiencies on IT and marketing costs
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