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Telia Q1 core profit beats estimates

STOCKHOLM, April 23 (Reuters) - Nordic telecom operator Telia on Friday reported quarterly core earnings ahead of market expectations and said it maintained its full-year outlook despite the pandemic affecting parts of its business.

The company’s first-quarter adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) fell to 7.25 billion Swedish crowns ($859.9 million) from 7.28 billion crowns a year earlier, beating the mean forecast of 7.19 billion crowns, according to Refinitiv estimates. ($1 = 8.4199 Swedish crowns) (Reporting by Supantha Mukherjee in Stockholm, editing by Helena Soderpalm)

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