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Tele2 Kazakhstan grows comparable sales 26% in Q1

Thursday 21 April 2016 | 16:42 CET | News
Net sales of the mobile operator Tele2 Kazakhstan fell to SEK 350 million in the first quarter from SEK 399 million a year ago, impacted by the devaluation in the local currency. EBITDA improved to SEK 6 million from breakeven in Q1 2015. The joint venture between Tele2 and Kazakhtelecom's mobile businesses in Kazakhstan was completed in February, and the reported figures included one month of the acquired company Altel. On a like-for-like basis, the mobile operator added 184,000 customers in the quarter, down sharply from 765,000 a year ago. The total subscriber base grew to 6.298 million at

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Categories: Mobile & Wireless
Companies: Altel / Kazakhtelecom / Tele2 Kazakhstan
Countries: Kazakhstan
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