TeleGeography Logo

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

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.