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Granryd leaves Tele2 to become new GSMA head

2015-08-24 02:00:00| Total Telecom industry news

Swedish telco names Allison Kirkby as its new CEO effective next month.

Tags: head leaves tele2 gsma

 

Tele2 Earnings Suffer on Dutch 4G Costs

2015-07-21 12:43:54| Appliances - Topix.net

Sweden's Tele2 has reported shrinkage in earnings for the April-to-June quarter due to higher costs in the Netherlands, where it is rolling out its own 4G network, but managed to boost sales thanks to customer growth in Kazakhstan. Overall revenues grew by 4%, to 6.6 billion Swedish kronor , compared with the second quarter of 2014, while EBITDA fell by 5%, to SEK1.4 billion .

Tags: costs dutch earnings suffer

 
 

Tele2 revenue growth continues in Q2, EBITDA turns lower

2015-07-21 08:42:00| Telecompaper Headlines

(Telecompaper) Tele2 reported continued revenue growth in the second quarter on its expansion in the mobile market, while profits fell due to the costs of launching its own network in the Netherlands and restructuring. Total revenues rose 4 percent to SEK 6.611 billion, led by a 7 percent rise in mobile service revenues to SEK 3.324 billion. EBITDA fell to SEK 1.393 billion from SEK 1.470 billion a year ago, and the margin dropped to 21 percent from 23. In addition to lower profits from fixed services, EBITDA was hurt by losses in the Netherlands mobile business for the roll-out of its own network there and SEK 71 million in charges for the earlier announced 'Challenger' programme to reduce costs. Net profit dropped to SEK 309 million from SEK 802 million a year ago, when the company had a positive one-off of SEK 363 million from the valuation of a put option in Kazakhstan. Capital expenditure jumped to SEK 1.134 billion from SEK 850 million in the year-earlier period, amid increased investments in mobile networks in the Netherlands, Sweden and Kazakhstan. Free cash flow was a negative SEK 268 million, little changed from a year ago. Tele2 maintained its outlook for mid single-digit growth in mobile service revenue this year and total revenues of SEK 25.5-26.5 billion. EBITDA is expected to reach SEK 5.8-6.0 billion in 2015, and capital expenditure will total SEK 3.8-4.0 billion. Restructuring costs for the Challenger programme are expected at around SEK 200 million.

Tags: lower growth continues revenue

 

Tele2 Q2 sales rise but earnings fall

2015-07-21 02:00:00| Total Telecom industry news

Sweden-based telco hampered by continuing declines at fixed operations.

Tags: sales fall rise earnings

 

KPN agrees new DSL access terms with Tele2, M7

2015-07-20 08:39:00| Telecompaper Headlines

(Telecompaper) KPN announced agreements with Tele2 and M7 Group over access to its DSL network. The agreements run for seven years and cover respectively Vula (Virtual Unbundled Local Access) and WBA (Wholesale Broadband Access) services. KPN is still talking to Vodafone on a similar agreement. The new agreements are an alternative to the regulated MDF access to the passive network. The Vula service will act as KPN's reference offer to the market. The commercial agreements did not involve the regulator ACM, which left the market open to striking an agreement as part of its unbundled access decision first published last October. The wholesale agreements must still be vetted by the regulator for guarantees such as transparency and non-discrimination; KPN said it expects the regulator to clear the agreements soon. A new offer on wholesale access was needed due to KPN's introduction of vectoring and pair bonding on the DSL network. These techniques offer higher speeds, but are not compatible with the current forms of unbundled access. 

Tags: terms access dsl agrees

 

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