0
Wireless

3 Sweden H1 revenue drops 9%, year-on-year profit hit by end to VAT reclaim

Thursday 1 August 2019 | 13:03 CET | News
CK Hutchison said total revenue at 3 Sweden, of which it owns 60 percent, fell by 9 percent year on year in the first half to SEK 3.24 billion from SEK 3.56 billion a year earlier, with customer service revenue down 6 percent at SEK 2.22 billion from SEK 2.36 billion. Handset revenue shrank to SEK 913 million from SEK 1.09 billion.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: 3 Sweden
Countries: Sweden
::: add a comment
This article is part of dossier

LTE


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

3 Sweden Q4 service revenue falls but EBITDA turns positive

Published 22 Jan 2020 12:14 CET | Sweden
3 Sweden's 40 percent shareholder Investor AB said that the operator ended the year with 2.09 million customers, up from less ...

3 Sweden provides connectivity to smart city service provider Bumbee Labs

Published 18 Sep 2019 12:58 CET | Sweden
3 Sweden said it has agreed to supply IoT services provider Bumbee Labs with connectivity for its smart city items, such as ...

3 Sweden says Albania rises to become 6th most popular roaming destination

Published 30 Aug 2019 14:09 CET | Sweden
3 Sweden has announced another surge in mobile network traffic in July. Its 'Surf Summer 2019' report also noted the rise of ...

3 Sweden merges B2C and B2B customer service organisations

Published 29 Aug 2019 13:14 CET | Sweden
3 Sweden said it is appointing Silvia Bakir to the new role of customer service director (CCSO) from 01 September. She moves from ...

3 Sweden replaces corporate broadband range with single subscription

Published 22 Aug 2019 13:05 CET | Sweden
3 Sweden said it is scrapping its range of corporate broadband subscriptions and replacing them by a single B2B service providing ...

3 Denmark H1 handset revenue drops, customer service revenue up 2%

Published 01 Aug 2019 12:52 CET | Denmark
CK Hutchison said total revenue at 3 Denmark, of which it owns 60 percent, fell by 2 percent year on year in the first half to ...

Wind Tre customers down nearly 3 mln year on year to 25.7 mln

Published 01 Aug 2019 12:30 CET | Italy
The customer base of Italian operator Wind Tre has fallen over 10 percent year on year to 25.7 million at the end of June from ...

3 UK reports lower revenue, EBITDA in H1, active customer base up 1%

Published 01 Aug 2019 11:17 CET | United Kingdom
3 UK has reported results for 1st-half 2019 with total active network connections reaching 11.7 million, up from 11.4 million a ...

Hutchison groups Europe, Hong Kong telecom business in new company, plans towers separation

Published 01 Aug 2019 10:59 CET | Europe
CK Hutchison has grouped all its telecom activities into a new holding company, including its activities in Europe under the 3 ...

3 Denmark, 3 Sweden expand customer bases in Q2

Published 17 Jul 2019 11:08 CET | Denmark
3 Denmark said it had reached nearly 1.39 million customers by 30 June including its Oister budget brand, after it added 30,000 ...

3 Sweden agrees to lease spectrum to Ukkoverkot for Swedish private LTE networks

Published 27 May 2019 11:56 CET | Sweden
3 Sweden said it has signed an agreement to lease spectrum to Finnish operator Ukkoverkot for its development of private LTE ...

3 Sweden announces divisional reorganisation from 01 June

Published 23 May 2019 13:40 CET | Sweden
3 Sweden said it is reorganising its divisions from 01 June in order to give them more power and responsibility, and to increase ...

3 Sweden FY revenue drops 5%, EBITDA rises 6% but EBIT falls 8%

Published 21 Mar 2019 13:17 CET | Sweden
3 Sweden suffered a fall in revenue to SEK 7.11 billion in 2018 from SEK 7.51 billion the year before, according to 3 Group. Net ...