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Tele2 revenues continue lower in Q2, EBITDA stable

2013-07-18 09:50:00| Telecompaper Headlines

(Telecompaper) Tele2 reported a continued drop in revenues for the second quarter, as the weaker fixed market and regulatory pressures offset expansion in mobile services. Revenues fell 4 percent to SEK 7.476 billion, of which about half the drop came from negative currency effects. Mobile revenues were up 2 percent from a year earlier to SEK 5.378 billion, led by growth in Kazakhstan and the Netherlands. EBITDA was little changed year-on-year at SEK 1.518 billion, giving a margin of 20 percent, while net profit improved to SEK 327 million from SEK 213 million a year ago. The results exclude the operations in Russia, sold at the start of April. Capex was down slightly at SEK 902 million, and Tele2 lowered its full-year outlook to around SEK 5.7 billion from SEK 6.0 billion. Spending is focused on the 4G network roll-out in the Netherlands, where the company is still finalising its suppliers, and network expansion in Kazakhstan, Sweden and Norway. Tele2 also cut its forecast for revenues in Kazakhstan this year sue to somewhat slower customer growth, but otherwise left its guidance unchanged. Kazakhstan (309,000 net additions) still led the growth in mobile customers, while the Netherlands accelerated to 49,000 net additions in mobile. The total mobile intake was 445,000 in the three months, to finish June with a base of 12.903 million. Fixed broadband customers fell by 12,000 to 1.068 million, and the fixed telephony base lost 113,000 customers to reach 1.172 million.

Tags: continue lower stable revenues

NEDA: June Food Prices Stable Despite Higher Petroleum Prices

2013-07-08 02:00:00| ThePigSite - Industry News

PHILIPPINES - The National Economic and Development Authority (NEDA) said that prices of food commodities were stable in June 2013 despite higher petroleum prices for the said month.

Tags: june food prices higher