Positive customer intake maintained by Tele2 NL in Q3 results

24 Oct 2014

Majority Swedish-owned operator, Tele2 NL, saw its Dutch mobile customer base grow by 24,000 in the three months ended 30 September 2014, taking the total to 791,000 and displaying an increase for the twelfth consecutive quarter, while fixed broadband customers increased by 1,000 to 368,000, though fixed telephony lines in service fell from 90,000 to 85,000, price pressure being blamed for this. CAPEX was up 25% from the previous quarter to SEK445 million (USD61 million), whilst mobile end-user service revenue increased by 24% year-on-year (y-o-y) to SEK321 million. However, EBITDA decreased to SEK206 million y-o-y from SEK271 million, a drop of 28%, and net sales fell from SEK1.383 billion in 3Q13 to SEK1.369 billion in 3Q14. Tele2 NL added that it remained firmly focused on the rollout of its own 4G mobile network, the full launch of which is imminent.

Tele2’s group CEO, Mats Granryd, commented: ‘In the Netherlands our network rollout gathered further momentum in the quarter, delivering improved population coverage through better processes and close relationships with our vendors. The mobile business kept its pace during the quarter. However, better distribution and our own mobile network are crucial to improving performance. During the quarter, our fixed broadband business executed well in a demanding market environment with positive customer intake.’

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