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Tele2 accelerates mobile revenue growth to 7% in Q2
2014-07-16 08:57:00| Telecompaper Headlines
(Telecompaper) Tele2 reported second-quarter sales down 1 percent from a year earlier to SEK 6.343 billion. Revenues were hurt by lower fixed-line sales and cuts to termination rates, offsetting a 7 percent increase in mobile service revenue, driven by demand for data services. Excluding exchange rate effects, revenue fell 3 percent. EBITDA was also down 1 percent, to SEK 1.466 billion, while net profit jumped to SEK 818 million from SEK 369 million. The latter was helped by a valuation gain of 363 million on a put option on its Kazakhstan operation, after the local currency was devalued and Tele2 provided additional financing. Tele2 added a net 250,000 new customers in the quarter, for a total 13.439 million at the end of June. Following the recently announced sale of its Norwegian activities, Tele2 updated its full-year guidance. The sales forecast was cut to SEK 24.8-25.2 billion from SEK 30.0 billion, impacted also by the currency devaluation in Kazakhstan and lower handset sales.
Tags: mobile
growth
revenue
q2
Category:Telecommunications
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