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Results in line with targets

In Q2 2011, Tele2’s net sales amounted to SEK 9,998 (10,539) million corresponding to a growth excluding exchange rate difference and one-off items of 6 percent. EBITDA amounted to SEK 2,711 (2,687) million, equivalent to an EBITDA margin of 27 (27) percent.

Market areas performing well

  • Record EBITDA contribution in market area Russia, amounting to SEK 1,115 (944) million and equivalent to an EBITDA margin of 39 (36) percent.

  • Robust mobile revenue growth in market area Nordic, with revenue growth of 10 percent in Sweden.

  • Tele2 in Kazakhstan launched commercial services in 5 out of 16 regions in the country. As a result, customer intake jumped to 355,000 (-48,000) in the quarter.

  • Tele2 Netherlands finalized the integration of BBned.

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Evolving

Another record quarter

I am pleased to present the results of another record quarter for Tele2. We continue to deliver and meet the challenges to the Best Deal in all our markets. Our financial performance is in line with our guidance and targets. In short, all our markets are doing well.

More information

• Q2 2011 Report

• Conference call

• Q2 2011 Presentation