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Tele2 Estonia service revenues fall 7% in Q4

Wednesday 13 February 2019 | 16:12 CET | News
Revenues of the mobile operator Tele2 Estonia grew to SEK 210 million in the fourth quarter of 2018 from SEK 198 million a year earlier, its parent company reported. Adjusted EBITDA totaled SEK 46 million, down from SEK 48 million. Tele2 said EBITDA declined by 13 percent in local currency but grew on a sequential basis for the third consecutive quarter. The adjusted EBITDA margin declined by 2 percentage points, to 22 percent, driven by low-margin equipment sales and declining end-user service revenue.

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Categories: Mobile & Wireless
Companies: Tele2 Estonia
Countries: Latvia
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