Here are Joni’s quick comments on Telia’s Q2 results 
We consider Telia’s Q2 report positive, and in terms of numbers, it was slightly better than our expectations. Revenue grew slightly better than we anticipated, driven by strong momentum in Norway. Adjusted EBITDA was in line with expectations, but non-recurring costs were higher than expected, so the reported result was very close to our estimates. The figures were well in line with market expectations. Cash flow was clearly stronger than our forecasts, the consensus, and the company’s guidance, but the company expects it to level off in the second half of the year. By market, Sweden continued its good momentum, Finland was slightly soft, and Norway showed a positive pick-up. Overall, it was a good report and one expected by the market, but in our view, the good performance and earnings growth are already well priced into the stock.