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General

Tele2 forecasts flat sales, lower EBITDA in 2016

Thursday 28 January 2016 | 08:52 CET | News
Tele2 reported a fall in profits in the fourth quarter, amid costs for restructuring its operations and launching its mobile network in the Netherlands. In the three months to December, EBITDA  fell 5 percent to SEK 1.337 billion, hurt by the contracting fixed telephony business, start-up costs in the Netherlands and currency devaluation in Kazakhtelecom. EBIT dropped to SEK 364 million from SEK 735 million a year earlier, due to a number of one-time charges. These include SEK 133 million for the 'Challenger' cost-reduction programme announced last year and SEK 118 million for the planned

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Categories: General
Companies: Kazakhtelecom / Tele2
Countries: Europe
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