Tele2 NL reports Q4 results

6 Feb 2013

Tele2 Netherlands has reported revenues of EUR154 million (USD208 million) for the quarter to 31 December 2012, down 3.7% year-on-year, despite a 41% increase in contributions from mobile services to EUR33 million. Telecompaper writes that the operator’s fixed broadband revenues offset any mobile gains, slipping by 8% to EUR85 million, while voice telephony sales declined 13% y-o-y to EUR18 million. Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) fell 24% y-o-y to EUR42 million, mainly attributable to a fall in mobile (-EUR3 million), and fixed broadband (down 12% to EUR29 million), it said.

Tele2 NL closed out 2012 with a total of 478,900 mobile subscribers, up 55,000, from 31 December 2011. The operator also reported 421,000 fixed broadband subscribers, down by 17,000 in the year, but notes that it has started to connect its first fibre-to-the-home (FTTH) customers. Meanwhile, the number of voice telephony customers dropped by 8,000 in 2012, to a total of 141,000 at the end of the year.

In fiscal 2013, Tele2 NL is forecasting mobile revenues of between EUR185 million and EUR200 million. Mobile EBITDA loss will be EUR6 million-EUR9 million, with Tele2 NL seeking to reach an EBITDA break-even point within three years of the launch of its 4G services. CAPEX for mobile will be EUR230 million-EUR290 million, including EUR161 million for 4G licences.

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