game day
interim report
jan-mar 2014

 

game day
interim report
jan-mar 2014

 

game day
interim report
jan-mar 2014

 

Continued focus on mobile, Increased customer intake on several markets

The first quarter 2014 showed good progress as several markets made operational improvements. The growth profile within mobile services was maintained in the quarter, with a solid 3 percent mobile end-user service revenue growth. Marketing efforts in the Netherlands and Sweden resulted in higher operational expenditures which, as foreseen, led to lower EBITDA contribution. I believe that these efforts will yield improved results in the coming quarters.

 

Mats Granryd
President and CEO

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Interim Report Jan-Mar 2014

Presentation

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

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102.80 SEK

+/-: +2.49%

Q1 2014 HIGHLIGHTS

Strong mobile end-user service revenue growth for the Group

In the quarter, mobile end-user service revenue grew by 3 percent amounting to SEK 3,600 (3,496) 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 3 percent Q1 2014, driven by increased usage in the postpaid segment. The mobile EBITDA contribution in the quarter was SEK 745 (732) million.

Maintained positive customer intake within mobile for Tele2 Netherlands

Tele2 Netherlands continued to gain market share by adding 47,000 (57,000) customers and taking the total mobile customer base to 741,000 (535,000). Mobile end-user service revenue amounted to SEK 273 (197) million growing by 39 percent in Q1 2014.

Strategic review of Tele2 Norway

Tele2 Norway had a net intake of 14,000 (-4,000) in the quarter, leading to a total customer base of 1,132,000. In Q1 2014, One Call became the third largest mobile operator in Norway in terms of customers, reaching 421,000 users. A strategic review of the Norwegian business was initiated, following the result of the license auction in December 2013.

Positive customer intake for Tele2 Kazakhstan

Tele2 Kazakhstan’s work to improve its commission structure since the previous quarters yielded a positive sequential customer intake of 20,000 compared to -393,000 in Q4 2013. End-user service revenue grew by 11 percent in Q1 2014 amounting to SEK 216 (195) million. Thanks to improved operational scale and lower interconnect levels, EBITDA amounted to SEK 1 (-45) million, the first positive quarter since commercial launch.

Divestment of Swedish residential cable and fiber operations

On October 23, 2013 Tele2 announced the sale of its Swedish residential cable and fiber operations to Telenor for SEK 793 million. The sale was completed on January 2, 2014 after approval by regulatory authorities and the capital gain in Q1 2014 amounted to SEK 257 million.

q1 in numbers

Significant events Q1

  • Tele2 appointed Caroline Fellenius-Omnell as new Group General Counsel of Tele2 AB.

  • Tele2 appointed Allison Kirkby as new CFO of Tele2 AB.

  • Tele2 Estonia acquired two mobile licenses in the 800 MHz and 2100 MHz frequency bands for SEK 54 million (see note 7).

  • Tele2 initiated a strategic review of Tele2 Norway following the license auction in the country.

  • Tele2 appointed Jeff Dodds as new CEO of Tele2 Netherlands.

  • In January 2014, the sale of Tele2 Sweden’s residential cable and fiber operations was finalized (see note 10).

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Stina Andersson

EVP Strategy & Business Development

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James Maclaurin

Acting Group CFO

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Disclaimer

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.