Netherlands rollout impacts Tele2 results

21 Oct 2015

Stockholm-based telecoms group Tele2 has reported net sales of SEK6.79 billion (USD818 million) for the three months to 30 September 2015, up 3% from SEK6.58 billion a year earlier. EBITDA dropped 5% from SEK1.68 billion in 3Q14 to SEK1.60 billion this year, while net profit plunged 45% to SEK397 million, from SEK726 million twelve months before. The falls were attributed in part to costs of the ongoing rollout of a new 4G mobile network in the Netherlands, which Tele2 launched at the start of this year.

The group said it added 249,000 net new users across its operations in Europe and Kazakhstan during the third quarter, up from adds of 166,000 in the year-ago period. Tele2 claimed 14.59 million fixed and mobile subscribers at 30 September 2015, up from 13.61 million twelve months before, with 13.28 million mobile users (12.09 million at 3Q14), 580,000 fixed broadband subscribers (608,000) and 727,000 fixed telephony customers (912,000). Sweden accounts for 46% of group sales, with Netherlands contributing 21%, Kazakhstan 7%, and the remainder split between Germany, Austria, Lithuania, Latvia, Estonia and Croatia.

Tele2 Group’s newly-appointed CEO, Allison Kirkby, commented: ‘Our third quarter results show solid momentum, with mobile end-user service revenue growing 5%. Mobile EBITDA is flat, largely reflecting our continued investment in the Netherlands.’

Sweden,Tele2,

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