Tele2 sales up 18% in Q4 after Swedish takeover

Thursday 26 January 2017 | 08:04 CET | News
Tele2 reported higher sales and operating profit for the fourth quarter, driven by its takeover of TDC Sweden at the end of October. Revenues rose 18 percent to SEK 8.22 billion. On a like-for-like basis, sales were up 2 percent, led by a 6 percent increase in mobile service revenue to SEK 3.74 billion. EBITDA improved 9 percent to SEK 1.46 billion and was up 6 percent on a like-for-like basis. Neverthless, the bottom line was still in the red, at a loss of SEK 177 million versus a profit of SEK 45 million a year ago, due mainly to restructuring charges of SEK 154 million for the Challenger

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Categories: General
Companies: TDC / Tele2
Countries: Europe
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