game day
interim report
jan-june 2014


game day
interim report
jan-june 2014



game day
interim report
jan-june 2014


Maintained strong growth in mobile services

"This quarter’s results demonstrate that we are delivering on our growth strategy in all major regions with mobile end-user service revenue growth rising by 7 percent. Our investment in this growth is having the anticipated impact on our margins, as we are developing our mobile operations in the Netherlands, Kazakhstan, and other markets."


Mats Granryd
President and CEO

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Interim Report Jan-June 2014

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January - July 2014
2014-04-25 10:00 CET

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Conference call numbers: 
SE: +46 850556474 
UK: +44 2033645374 
US: +18557532230

112.75 SEK

+/-: +0.04%


Strong mobile end-user servicerevenue growth for the Group

In the quarter, total net sales amounted to SEK 6,343 (6,424) million, affected by fixed line telephony and termination rates.
However, more importantly mobile end-user service revenue grew by 7 percent amounting to SEK 3,094 (2,900) million. This trend was driven by positive usage of mobile data, compensating less revenue from mobile voice and SMS.

Robust operational performance in Tele2 Sweden

Mobile end-user service revenue in Sweden grew by 4 percent in Q2 2014, driven by increased usage in the postpaid segment. The mobile EBITDA contribution in the quarter was SEK 777 (757) million.

Maintained positive customer intake within mobile for Tele2 Netherlands

Tele2 Netherlands continued to gain market share by adding 27,000 (49,000) customers and taking the total mobile customer base to 768,000 (584,000). Mobile end-user service revenue amounted to SEK 308 (227) million, growing by 36 percent in Q2 2014.


Strong customer intake for Tele2 Kazakhstan

Customer intake amounted to 213,000 (309,000) in Q2 2014, as the new commission structure yielded results. End-user service revenue grew by 1 percent in Q2 2014, amounting to SEK 225 (223) million impacted by devaluation of the local currency and lower interconnect levels. However, thanks to improved operational scale and lower interconnect levels, EBITDA amounted to SEK 3 (–52) million.

Sale of Tele2 Norway

In July 2014, Tele2 agreed to sell its Norwegian business to TeliaSonera for an Enterprise Value of SEK 5.1 billion, equivalent
to a cash value of SEK 5.3 billion. The transaction follows Tele2’s strategic review of its Norwegian business prompted by changes to the structure of the Norwegian market as a result of the license auction in December 2013. The sale will be completed after approval by regulatory authorities. Tele2 Norway has been presented in this report as discontinued

Changed financial guidance

As a result of the sale of Tele2 Norway, the financial guidance for 2014 has changed

Significant events Q2

■ Tele2 and NetComm Wireless Limited announced M2M/IoT partnership
■ Tele2 to provide Vattenfall Group with M2M/IoT connectivity solutions across Europe
■ Tele2 launched IPX Solution across its footprint


■ Tele2 agreed to sell its Norwegian business to TeliaSonera for an Enterprise Value of SEK 5.1 billion, equivalent to a cash value of SEK 5.3 billion (Note 10)

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Stina Andersson

EVP Strategy & Business Development

+46 70 273 4879

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James Maclaurin

Acting Group CFO

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Financial Calendar

  • iCal / Outlook

    Jul 1, 2018 7:00 AM CET - Jul 18, 2018 7:00 AM CET Event

    Silent period, July 1-18, 2018

  • iCal / Outlook

    Jul 18, 2018 7:00 AM CET Event

    Tele2 Q2 interim report

  • iCal / Outlook

    Oct 1, 2018 7:00 AM CET - Oct 18, 2018 7:00 AM CET Event

    Silent period, October 1-18, 2018

  • iCal / Outlook

    Oct 18, 2018 7:00 AM CET Event

    Tele2 Q3 interim report


In the event of differences between this online version and the legal PDF-version of Tele2's annual report, the PDF version is held to be correct.