Tele2 starts new strategy to save annual SEK 1 bln from 2018

Friday 12 December 2014 | 16:51 CET | News
The Tele2 Group announced a new strategy for the company, including The Challenger Program, which it says will boost productivity in entire company. Tele2 made the statement during a briefing in London. The programme is expected to yield annual productivity savings of around SEK 1 billion from 2018 onwards, following a multi-year investment plan that will cost around SEK 1 billion. The one-off charge will be phased at 20 percent in Year 1, 50 percent in Year 2 and 30 percent in Year 3. Benefits will accrue at a slightly lower pace to investments in Year 1 and 2, but achieve the full run rate

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: General
Companies: Tele2
Countries: Europe
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Tele2 mobile service revenue grows 10% in Q1

Published 21 Apr 2015 08:32 CET | Europe
Tele2 reported first-quarter sales up 6 percent to SEK 6.512 billion, led by 10 percent growth in mobile service revenue. Revenue ...

Tele2 forecasts stable results in 2015

Published 30 Jan 2015 09:49 CET | Europe
Tele2 forecast stable results in 2015. After a 1 percent rise in revenues last year to SEK 25.96 billion, the operator forecast ...

Tele2 Group signs new roaming deals, including for Taiwan

Published 12 Dec 2014 17:18 CET | World
The Tele2 Group said during a briefing in London that it has signed LTE roaming agreements with a number of new international ...

Tele2 to launch 4G in NL, lift Baltics to 90% in 2015

Published 12 Dec 2014 16:29 CET | Netherlands
The Tele2 Group presented its 4G plans for the Dutch and Baltic markets during a briefing in London, saying it wants to launch ...

Tele2: lancering LTE vanaf 2015 Q1, inclusief LTE-A en VoLTE

Published 12 Dec 2014 14:13 CET | Netherlands
Tijdens de Capital Markets Day 2014 van de Tele2 Groep maakt de onderneming details bekend rond de activering van het eigen ...