" Tele2 continues to deliver"
Tele2 continues to deliver in the first quarter of 2009. Market conditions became increasingly
tougher but we have managed to perform well. I am pleased to present a robust
annual sales growth and a solid EBITDA result", states Harri Koponen, President and CEO of Tele2.
During Q1 2009, net sales amounted to SEK 10,120 (9,527) million, an increase of 6 percent, while EBITDA increased by 34 percent to SEK 2,227 (1,660) million. Despite a difficult economic environment, the company has been able to improve profitability through cost control and improved efficiency.
Tele2 Russia accelerated development of new regions
Tele2 made operational progress focusing on improved efficiency for existing regions. New region activities accelerated during the quarter by means of network deployment and commercial activities.
Stable operational development in the Baltic region
Tele2's Baltic operations saw stable EBITDA contribution in the quarter, led by Lithuania that delivered record high margin of 37 (34) percent.
New partnership to build joint LTE network in Sweden
Tele2 Sweden presented a partnership to build a joint LTE network in Sweden. The agreement included the formation of a joint venture for network construction and sharing of spectrum for mobile communication.
The Interim report is available on www.tele2.com.
Tele2 will present the results during a meeting at Clarion Hotel Sign, Norra Bantorget, Stockholm, at 10.00 am CET (09:00 am UK time/04:00 am NY time) on Wednesday, April 22, 2009. The meeting will be held in English and webcasted on Tele2's website, www.tele2.com, with the possibility to enter questions online.
Conference call details
It will also be possible to listen to the meeting live over the phone and attend the Q&A session via a conference call. Please note that there might be a time lag of up to 30 seconds between the Internet broadcast and the conference call if you are simultaneously watching and calling in to the press conference.
To ensure that you are connected to the conference call, please dial in a few minutes before the start of the press conference to register your attendance.
The dial-in numbers are:
Sweden: +46 8 50 52 02 70 UK: + 44 208 817 9301
US: + 1 718 354 1226
You will also be in a position to listen to the conference call afterwards:
Replay number until May 2, 2009: +44 207 769 6425
Access code: 1646 970#
Harri Koponen, President and CEO
Telephone: +46 (0)8 5626 4000
Lars Nilsson, CFO
Telephone: +46 (0)8 5626 4000
Lars Torstensson, Investor Relations
Telephone: + 46 (0)8 5620 0042
TELE2 IS ONE OF EUROPE'S LEADING ALTERNATIVE TELECOM OPERATORS. Tele2's mission is to provide affordable and easy connectivity for everyone at anytime. Tele2 always strives to offer the market's best prices. We have 24.5 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 OMX Nordic Exchange since 1996. In 2008, we had net sales of SEK 39.5 billion and reported an operating profit (EBITDA) of SEK 8.2 billion.