Sweden-based Tele2 Group has unveiled a new corporate strategy under the banner ‘The Challenger Programme’, under which it expects to realise annual productivity savings of around SEK1 billion (USD132 million) from 2018 onwards. The firm says improvements will be made in the way it interacts with customers, and by consolidating and streamlining its operations. The programme will require total investments of around SEK1 billion in phases over the next three years, with around 20% coming in 2015, 50% the year after and 30% in 2017. Mats Granryd, president and CEO of Tele2, commented: ‘We embrace change and will hit change before it hits us,’ going on to add: ‘… we have the opportunity to invest and fully prepare for the future by the launch of our new strategy’.
Separately, the Tele2 Group has revealed that it expects its 4G Long Term Evolution (LTE) mobile networks at its operations in the Baltic states of Lithuania, Latvia and Estonia to achieve 90% population coverage by the end of 2015. The firm said it is using its full spectrum portfolio of 800MHz, 900MHz, 1800MHz and 2100MHz licences for its LTE development in all the states, together with 450MHz and 2300MHz in Estonia, and 2600MHz in Latvia and Lithuania. The telco says it is also signing its first international 4G roaming agreements, enabling its customers in Sweden and the Baltic region to use 4G services when abroad; Far EasTone of Taiwan has been unveiled as its first overseas LTE roaming partner.