
Tele2 sets new financial targets in Croatia, Kazakhstan

Tele2 announced new financial targets for its operations in Croatia and Kazakhstan at its capital markets day. Tele2 Croatia is forecast to reach positive free cash flow in Q3, and its EBITDA margin should reach 20 percent by Q3 2013. The EBITDA margin for Tele2 Kazakhstan should reach break-even by H2 2013, and its customer base is expected to be at 2.3-2.5 million by end-2012. Tele2 Kazakhstan is targeting a mobile customer market share of 30 percent over the long term. At the end of August, Tele2 Kazakhstan reached a total customer base of approximately 1 million.
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