TeleGeography Logo

Tele2 reports positive Q1 results

21 Apr 2022

Tele2 group of Sweden has reported a 2% year-on-year increase in total revenues in the first three months of 2022 to SEK6.74 billion (USD712 million). Domestic sales were up 1% at SEK5.36 billion, while there were also increases in Lithuania (up 12%), Latvia (5%) and Estonia (3%). Underlying EBITDA climbed 6% to SEK2.47 billion, while net profit rose from SEK865 million in Q1 2021 to SEK2.47 billion in the latest quarter thanks to gains from the recent disposal of the group’s 25% interest in T-Mobile Netherlands.

Tele2 had 7.36 million mobile subscriptions in Sweden and the Baltics at the end of March 2022, up from 7.19 million a year earlier, while its fixed broadband subscription total in Sweden rose from 916,000 to 931,000 in twelve months.

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.