Company Performance: Telia's financial results, subscriber growth, and strategic decisions influence investor confidence.

Market Conditions: Overall market sentiment and economic trends in Sweden and the Nordic region impact stock valuations.

Competition: Actions of rival telecom operators and pricing pressures affect Telia's profitability.

Regulatory Environment: Government policies, spectrum auctions, and telecommunications regulations can significantly impact Telia's business.

Technological Advancements: Adoption of new technologies like 5G and their impact on Telia's infrastructure and services influence stock price.

Dividend Policy: Telia's dividend payments and yields attract investors seeking income, influencing demand.

Interest Rates: Changes in interest rates affect the attractiveness of Telia's stock compared to bonds and other investments.

Global Events: Unexpected global events, like economic crises or geopolitical tensions, can create market volatility affecting Telia.