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Tele2 cuts FY capex guidance after network audit as Q3 profit improves on flat revenue

2019-10-17 10:10:00| Telecompaper Headlines

(Telecompaper) Tele2 Group said net profit from total operations almost doubled in the third quarter, driven by the Com Hem merger in Sweden, with underlying EBITDA up by 5 percent on an organic basis excluding IFRS 16. Revenue and end-user service revenue were flat year on year. It has lowered its capital expenditure guidance range for the year and is on track to fulfil its other FY guidance.

Tags: on network flat profit

Category:Telecommunications

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