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General

Tele2 cuts outlook as mobile growth proves more difficult

Tuesday 22 October 2013 | 08:56 CET | News
Tele2 has cut its long-term outlook, citing an acceleration in market trends towards unlimited pricing and IP data services in the past six months. The company said these trends are positive in the long term, but will lead to higher costs and increased price pressure in the near term, leading to a downgrade in its targets for the period to 2015. The operator now targets revenue of SEK 32.5-33.5 billion in 2015, versus an earlier goal of at least SEK 35.6 billion, and cut the EBITDA forecast to SEK 6.7-7.3 billion from at least SEK 8.3 billion previously. As a result of the sale of Tele2

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