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Customer growth, Tele2 continues with stable sales

Customer growth, Tele2 continues with stable sales

Photo: Bloomberg

Tele2 has a number of Dutch customers in the fourth quarter of a lot to see grow, but the turnover from the Dutch activities continued close to those of last year.

That the Swedish provider announced on Thursday at the presentation of its quarterly results (pdf).

There were 55.000 mobile customers from Tele2, which for the first time the threshold of 1 million was broken. The growth was approximately equal to that in the previous two quarters.

The turnover in the Netherlands of 1.58 billion Swedish krona (167 million euro) and there was a brutoverlies of only 2.4 million are listed. According to Tele2 is that, inter alia, by a provision in a dispute, where no further details are given. Without the loan-loss reserves was a tiny plus listed.

Depreciation

Last quarter saw Tele2 themselves in need of a substantial depreciation to the Dutch activities. The provider gave no details, but acknowledged that the Dutch branch less well than was expected.

At the end of 2015 opened Tele2’s own 4G network in the Netherlands, after previously operated as a ‘virtual provider’ at the network of T-Mobile. The company advertises with large databundels for relatively low prices.

Tele2 as a whole saw its sales in the fourth quarter to rise sharply to 8.2 billion koruna (867 million euro), 18 percent higher than a year earlier. In particular, in Kazakhstan, there was substantial growth and also the section in its home country of Sweden burps well. There was a small net loss were noted, according to Tele2, especially by non-recurring reorganisation costs.

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