\tTele2 chief Anders Nilsson hailed progress towards the group’s full-year guidance during the third quarter, highlighting improving trends in its domestic Swedish business alongside progress in its Baltic operations.<\/p>\n
In a statement, Nilsson said Tele2 made “operational progress in the Swedish consumer segment, strengthening our more-for-more strategy with updated Tele2 price plans, and continued to grow our fixed mobile convergence (FMC) base”, with 141,000 customers signed up to these tariffs.<\/p>\n
Moving forward, Nilsson said Tele2 will focus on achieving sustainable growth in its consumer segment, by striking a balance between volume and price.<\/p>\n
Figures
\nThe operator recorded revenue of SEK6.9 billion ($710.1 million), which was flat on the same period of 2018. End-user service revenue of SEK5.1 billion was also unchanged year-on-year, with 10 per cent growth in the Baltics offset by a 1 per cent drop in Sweden.<\/p>\n
Tele2 highlighted a marginal 0.4 per cent rise in its domestic consumer business, marking the first growth in service revenue since Q1 2018.<\/p>\n
It attributed the rise to a 4 per cent rise in post-paid mobile customers during Q3, its second consecutive quarter of subscriber growth.<\/p>\n
The group\u2019s underlying profit grew 5 per cent to SEK2.5 billion. In Sweden, the figure was up 4 per cent, which it said was driven by an acquisition of cable operator Com Hem [1].<\/p>\n
Net profit almost doubled to SEK1 billion.<\/p>\n[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/tele2-closes-com-hem-acquisition\/<\/p>\n","protected":false},"excerpt":{"rendered":"
Tele2 chief Anders Nilsson hailed progress towards the group’s full-year guidance during the third quarter, …<\/p>\n
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