TeliaSonera said Q4 operating income was impacted by “one-time related items” totalling SEK2.52 billion ($390 million). A large chunk was accounted for by non-cash goodwill impairment charges on operations in Denmark and Lithuania, plus redundancy costs and book value adjustments following restructuring.

The Sweden-headquartered operator said its full results for the three months ended December 2013, to be announced on 30 January, will show a SEK1.17 billion write-down for its mobile and broadband operations in Denmark and its Lithuanian mobile business.

Redundancy costs in Q4 came to SEK229 million. Total full-year costs related to redundancies amounted to just above SEK1.2 billion.

TeliaSonera announced last December a new operating model effective on 1 April 2014. As a result of the new country structure, the operator said there will be further consolidation of IT systems and platforms.

Combined with a general IT structure review, obsolete systems and platforms with a total book value of SEK565 million will be scrapped or written down and reported as non-cash charges in Q4 2013.

In addition, TeliaSonera will book a non-cash impairment charge of SEK598 million related primarily to WiMAX operations acquired in Kazakhstan in January 2013.

Neither did the operator get as much as it planned when Spanish subsidiary Yoigo entered into an agreement in August to divest mobile telephony towers to Abertis Telecom for a projected €60-70 million during Q4 2013.

As the number of towers included in the transaction was subsequently reduced, it explains why total sales proceeds will now amount to around €40-50 million.

TeliaSonera said the transaction was partly finalised in Q4 2013 with a positive cash flow impact of SEK230 million (€26 million), of which SEK 179 million is reported as a net gain.