0
General

Tele2 accelerates mobile revenue growth to 7% in Q2

Wednesday 16 July 2014 | 08:57 CET | News
Tele2 reported second-quarter sales down 1 percent from a year earlier to SEK 6.343 billion. Revenues were hurt by lower fixed-line sales and cuts to termination rates, offsetting a 7 percent increase in mobile service revenue, driven by demand for data services. Excluding exchange rate effects, revenue fell 3 percent. EBITDA was also down 1 percent, to SEK 1.466 billion, while net profit jumped to SEK 818 million from SEK 369 million. The latter was helped by a valuation gain of 363 million on a put option on its Kazakhstan operation, after the local currency was devalued and Tele2 provided

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: General
Companies: Tele2
Countries: Europe
::: add a comment

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

Tele2 sees FY results at high end of forecast

Published 23 Oct 2014 09:32 CET | Europe
Tele2 reported third-quarter sales up 1 percent to SEK 6.584 billion, helped by an 8 percent increase in mobile service revenue. ...

Tele2 Netherlands leans on consumer revenues

Published 29 Jul 2014 14:08 CET | Netherlands
In 2013 Tele2 Netherlands reported revenues of EUR 629.6 million, growing by 3.8 percent compared with 2012, according to its ...

Tele2 Austria ends Q2 with 270,000 customers

Published 16 Jul 2014 17:51 CET | Austria
Tele2 Austria ended Q2 2014 with a total of 270,000 customers, down from 300,000 at end-June. This included 114,000 fixed ...

Mobile drives Tele2 Germany customer growth in Q2

Published 16 Jul 2014 17:23 CET | Germany
Tele2 Germany generated net sales of SEK 226 million for Q2 2014, up 6 percent from a year earlier. The mobile division added ...

Tele2 Latvia revenues, EBITDA down in Q2

Published 16 Jul 2014 13:24 CET | Latvia
Service revenue of the mobile operator Tele2 Latvia was SEK 134 million in Q2, down from SEK 136 million a year earlier. The ...

Tele2 Lithuania EBITDA under pressure from competition

Published 16 Jul 2014 13:24 CET | Lithuania
Services revenue of the mobile operator Tele2 Lithuania were stable at SEK 213 million in Q2, while EBITDA dropped to SEK 127 ...

Tele2 Estonia sales down, EBITDA up in Q2

Published 16 Jul 2014 13:20 CET | Estonia
Service revenue of the mobile operator Tele2 Estonia amounted to SEK 97 million in Q2, down slightly from SEK 98 million a year ...

Tele2 Croatia EBITDA up sharply, sales lower

Published 16 Jul 2014 13:20 CET | Croatia (Hrvatska)
Tele2 Croatia ended the second quarter with net sales of SEK 329 million, down slightly from SEK 333 million a year earlier due ...

Tele2 Kazakhstan posts positive EBITDA in Q2

Published 16 Jul 2014 13:09 CET | Kazakhstan
Customer intake at the mobile operator Tele2 Kazakshtan amounted to 213,000 in the second quarter, helped by a new commission ...

Tele2 values Norwegian assets held for sale at SEK 4 bln

Published 16 Jul 2014 12:35 CET | Norway
Tele2 agreed on 07 July to sell its Norwegian arm to TeliaSonera, and Tele2 Norway is now reported under discontinued operations ...

Tele2 Sweden gets Q2 boost from mobile streaming demand

Published 16 Jul 2014 11:59 CET | Sweden
Tele2 Sweden suffered a drop in customer numbers and revenue in the second quarter, but mobile end-user sales and earnings rose, ...

Tele2 NL sees slower mobile growth in Q2

Published 16 Jul 2014 10:01 CET | Netherlands
Tele2 Netherlands reported second-quarter sales down 7.6 percent year-on-year to EUR 146 million. The operator posted quarterly ...

Tele2 exits Norway, hints at accelerated investment in Netherlands

Published 08 Jul 2014 13:07 CET | Netherlands
Tele2 has agreed to sell its Norwegian activities to TeliaSonera for SEK 5.1 billion (EUR 550 million). It expects to realise a ...

TeliaSonera to buy Tele2 Norway

Published 07 Jul 2014 08:38 CET | Norway
Tele2 has agreed to exit the Norwegian market and sell its activities there to TeliaSonera for SEK 5.3 billlion cash. The ...

Tele2 grows mobile service revenue 3% in Q1

Published 25 Apr 2014 09:07 CET | Europe
Tele2 reported first-quarter sales down 3 percent year-on-year to SEK 7.11 billion, as a contraction in its traditional fixed ...





Calendar   /   Industry Events

30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec 5G Italy
01 Dec NGON & DCI World
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec Marvell Technology fiscal Q3
03 Dec GCX fiscal Q2
03 Dec Liberty Latin America AGM
::: More Calendar Items