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VTB open to strategic partner at Russian arm of Tele2

2013-03-28 01:00:00| Total Telecom industry news

State-owned bank pays $3.55 billion for operator; says it will exit its investment after maximum of three years.

Tags: open partner russian strategic

Tele2 may join bidding for Austrian 4G spectrum

2013-03-19 01:00:00| Total Telecom industry news

Austrian regulator has reserved spectrum for new entrant to increase competition in the market.

Tags: join spectrum bidding austrian

Tele2 to focus on Sweden, Russia, Netherlands, Norway

2013-03-04 09:52:00| Telecompaper Headlines

(Telecompaper) Tele2 announced a change in its Leadership Team structure to enhance focus on its main markets and ensure maintained attention to the smaller growth assets. This new structure will take effect immediately. Tele2 identifies Sweden, Russia, the Netherlands and Norway as the most important operations within the group in terms of revenue generation. To maximise leverage of current and future opportunities in these markets, Tele2 has decided to remove the Market Area Director concept and instead appoint dedicated CEOs, leading to a stronger management focus in the main markets. Thomas Ekman is CEO of Tele2 Sweden, Jere Calmes CEO of Tele2 Russia and Gunther Vogelpoel CEO of Tele2 Netherlands. Arild Hustad, CEO of Tele2 Norway, will also assume a place in the Leadership Team. Niklas Sonkin has overall responsibility for Austria, Croatia, Estonia, Germany, Kazakhstan, Latvia and Lithuania, making up smaller but important growth and cashflow generating operations. Apart from Hustad who joins the Leadership Team, its members remain the same.

Tags: focus russia netherlands sweden

Tele2 profits slow in Q4, sales up 4%

2013-02-05 08:50:00| Telecompaper Headlines

(Telecompaper) Tele2 reported fourth-quarter sales up 4 percent from a year-earlier to SEK 11.275 billion, while EBITDA fell 7 percent to SEK 2.672 billion. The company said profits were affected by a seasonal rise in costs, including higher handset subsidies in some more mature markets, such as Sweden and Russia. Net profit fell to SEK 565 million from SEK 1.31 billion a year earlier, due mainly to higher withholding tax on dividends from Russia. Tele2 still increased its dividend to SEK 7.10 per share from SEK 6.50 in 2011, and over the full year, free cash flow was down only slightly, to SEK 4.07 billion. After falling to SEK 5.34 billion in 2012, Tele2 plans to increase capital expenditure in 2013 to around SEK 6 billion, led by spending on 4G licences and roll-out in the Netherlands. Tele2 finished the year with a total 35.695 million mobile customers, after adding 717,000 new subscribers in the fourth quarter. Mobile growth was equally dividend over Russia and Kazakhstan, and the base also increased in the Netherlands, Germany and Norway. In the fixed-line market, the company lost 202,000 customers for a total 1.353 million, and fixed broadband customers declined by 24,000 in the three months to 1.114 million.

Tags: up sales slow profits