Tele2 posts 2Q net loss; EBITDA up

25 Jul 2007

Swedish telecoms group Tele2 said its second quarter EBITDA rose 40% year-on-year to SEK1.737 billion (USD260 million), boosted by a sharp increase in profitability in its Baltic & Russia operations, narrowing losses in southern Europe and stronger results at its Benelux division. However, it recorded a net loss of SEK501 million for the quarter ended 30 June, versus a net profit of SEK246 million a year earlier. Profits were hurt by some SEK520 million in one-time charges related to the sale of its pre-paid calling card businesses, as well as charges for tax assets, mainly in Germany. Revenues in the three-month period increased by 6% year-on-year to SEK13.11 billion, from SEK12.36 billion in the same period of 2006, driven by growth in its Baltics & Russia and Nordic divisions. Tele2 added 382,000 net new customers in the quarter, as 931,000 new mobile subscribers and 201,000 additional LLU fixed line and broadband users offset a loss of 770,000 fixed telephony resale customers. Combined average monthly revenue per user (ARPU) fell to SEK142 from SEK145, dropping across all four of Tele2’s product categories.

Sweden, Tele2,


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate



Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.