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News Tele2 Group Oct 19 2011, 6:45 AM CET

Tele2 AB : Interim Report January - September 2011

Stockholm - Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced its consolidated results for the third quarter 2011.

"Offering the Best Deal is our business"

"Today's record results are proof that we are standing stronger than ever and it demonstrates that we are becoming better and better at understanding and meeting our customers' needs. Our excellent performance also shows that all our operations are pulling in the right direction, in a joint effort! Our growth engines Russia and Kazakhstan are in phase with more mature geographies, leading to continuously improved results."

Financial highlights
Net sales amounted to SEK 10,340 (9,989) million corresponding to a growth excluding exchange rate difference of 6 percent in the quarter. EBITDA in Q3 2011 amounted to SEK 2,893 (2,751) million, equivalent to an EBITDA margin of 28 (28) percent. EBITDA growth excluding exchange rate differences was 8 percent.

Record EBITDA contribution in market area Russia
In Q3 2011, Tele2 Russia added 681,000 (1,170,000) customers leading to a total customer base of 20.4 million. EBITDA amounted to a record SEK 1,214 (1,011) million, equivalent to an EBITDA margin of 40 (38) percent.

Robust mobile revenue growth in market area Nordic
Mobile revenue in Sweden grew by 7 percent, as customer demand for smartphones and data services remained strong during the quarter. Mobile customer intake in Sweden was good, amounting to 95,000 (103,000). In the quarter, Tele2 announced its intention to acquire Network Norway, creating the third largest mobile operator in the Norwegian market.

Significant operational progress in market area Central Europe & Eurasia
During the quarter, Tele2 Kazakhstan continued its successful launch of new regions, resulting in a customer intake of 459,000 (1,000) in the quarter. The total customer base amounted to 1.1 million. Tele2 Croatia reached for the first time free cash-flow breakeven in Q3 2011.

Tele2 Netherlands expanded margin in fixed broadband
Following the integration of BBNed, Tele2 Netherlands expanded its fixed broadband margin to 35 (30) percent.

The Interim report is available on

Telephone conference
Tele2 will host a conference call, with an interactive presentation, for the global financial community at 10.45 am CET (09.45 am UK time/04.45 am NY time) on Wednesday, October 19, 2011. The conference call will be held in English and will also be made available as an audiocast on Tele2's dedicated Q3 2011 website,

Dial-in information:
To ensure that you are connected to the conference call, please dial in a few minutes before the start of the conference call to register your attendance.

Dial-in numbers:
Sweden: +46 8 505 598 53
UK: +44 203 043 24 36
US: +1 866 458 40 87

Mats Granryd
President & CEO
Telephone: + 46 (0)8 5620 0060

Lars Nilsson
Telephone: +46 (0)8 5620 0060

Lars Torstensson
Group Director, Corporate Communication
Telephone: + 46 (0)8 5620 0042

Tele2 is one of Europe 's leading telecom OPERATORS, always providing the best deal. We have 34 million customers in 11 countries. Tele2 offers mobile services, fixed broadband and telephony, data network services, cable TV and content services. Ever since Jan Stenbeck founded the company in 1993, it has been a tough challenger to the former government monopolies and other established providers. Tele2 has been listed on the NASDAQ OMX Stockholm since 1996. In 2010, we had net sales of SEK 40.2 billion and reported an operating profit (EBITDA) of SEK 10.3 billion.