Tele2 trims Russian subscriber forecast

15 Dec 2011

Swedish telecoms group Tele2 yesterday cut its forecast for end-year mobile subscriber numbers in Russia, its most important growth market, to 20.6 million-20.7 million, down from an earlier forecast of 21 million, as it said it was focusing on existing customer retention. ‘We have chosen to focus… on reducing the value of customer churn rather than on competing on net intake,’ Tele2 CEO Mats Granryd said in a statement, adding: ‘We still believe that Russia is Tele2’s most important growth market and the company will continue to have a balanced approach between customer intake and profitability.’ Mobile-only unit Tele2 Russia accounted for 29% of group consolidated revenues in Q3 2011, compared to domestic integrated telecoms service provider Tele2 Sweden’s 30%; the Russian division’s monthly net new GSM subscriber additions fell to 48,000 in November 2011 from 98,000 the previous month.

Russia, Tele2, Tele2 Russia