Tele2 reports Dutch results

11 Feb 2009

Tele2 Netherlands ended 2008 with 458,000 mobile customers, 112,000 fewer than at the start of the year. On a positive note, the company points to a changing subscriber mix away from pre-paid services towards the higher value post-paid customer. In the fixed telephony arena, Tele2 Netherlands saw a decline of 105,000 lines in 2008 to take its total to just 389,000: the company claims to now be focusing on the retention and up and cross selling of existing customers, rather than actively acquiring new ones. Fixed broadband operations bucked the declining trend, however, with 44,000 new customers during the year to take its total to 368,000.

In terms of revenue, Dutch mobile operations generated SEK1.06 billion (USD129.8 million) in 2008, down from SEK1.09 billion the previous year. Fixed telephony saw sales drop almost 4% to SEK1.51 billion, while fixed broadband operations reported an 18% increase to SEK2.89 billion. Earnings before interest, tax, depreciation and amortisation (EBITDA) of all divisions improved, with the mobile, fixed and broadband operations reporting increases of 53.8%, 67.7% and 21.8% to SEK163 million, SEK332 million and SEK509 million respectively. Total CAPEX for the Netherlands stood at SEK474 million in 2008, SEK20 million less than in 2007.

Netherlands,Tele2 NL (part of T-Mobile Netherlands),

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