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General

Tele2 cuts FY capex guidance after network audit as Q3 profit improves on flat revenue

Thursday 17 October 2019 | 10:10 CET | News
Tele2 Group said net profit from total operations almost doubled in the third quarter, driven by the Com Hem merger in Sweden, with underlying EBITDA up by 5 percent on an organic basis excluding IFRS 16. Revenue and end-user service revenue were flat year on year. It has lowered its capital expenditure guidance range for the year and is on track to fulfil its other FY guidance.

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Categories: General
Companies: Tele2 / Tele2 Sweden
Countries: Europe / Sweden
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