Home Tele2 posts 5% growth in mobile service revenues in Q4
 

Keywords :   


Tele2 posts 5% growth in mobile service revenues in Q4

2014-02-07 08:54:00| Telecompaper Headlines

(Telecompaper) Tele2 forecast a return to growth in 2014, supported by an improved performance in mobile service revenues in the last quarter. For the current year, the operator targets revenues of SEK 30.0 billion, versus SEK 29.87 billion in 2013, and EBITDA of SEK 6.0 billion, up from SEK 5.99 billion last year. Overall its results showed a small drop in 2013 and the fourth quarter, but the company managed to increase mobile services revenues by 5 percent year-on-year, led by expansion in the Netherlands and Sweden. Total revenues were down 4 percent to SEK 7.57 billion, hurt by termiantion rate cuts and a continued decline in customers for fixed services. EBITDA improved slightly, up 1 percent to SEk 1.46 billion and a margin of 19 percent. EBITDA growth was held back by a chareg of SEK 35 million for job cuts in Norway. Despite losing out in the recent spectrum auction in Norway, Tele2 said it will continue to develop the business there with its existing frequencies and pursue commercial agreements for additional capacity. Tele2's net profit was down 22 percent to SEK 169 million in Q4. Capital expenditure increased to SEK 1.26 billion in the latest quarter as the group pushed ahead with network roll-outs, leading to a drop in cash flow to SEK 507 million. In 2014, the company forecast a small drop in capex to around SEK 4.5 billion from SEK 5.2 billion last year.

Tags: in service posts mobile

Category:Telecommunications

Latest from this category

All news

»
05.11Vodafone-Three merger could get green light, watchdog says
05.11Altice USA residential video RGUs down 77,000 in 3Q 2024
05.11Shoppers warned over luxury advent calendar scams
05.11Durable Floor Coating from HMG Paints Transforms FC United\'s SMRE Bar
05.11Teknos Poland Honored by Farby i Lakiery
05.11Xumo teams up with Target to offer Hisense Xumo TVs
05.11KT launches 8K AI-powered IPTV set-top box
05.11Tropical Storm Rafael Graphics
More »