Q2 2013 Highlights
Steady margin development in Tele2 Sweden
Mobile net sales in Sweden grew by 1 percent, as customer demand for smartphones and data services continued throughout Q2 2013. Underlying mobile service revenue (excluding interconnect hardware sales) grew by 4 percent in the quarter. The mobile EBITDA contribution in the quarter was SEK 757 (637) million, equivalent to a stable EBITDA margin of 30 percent.
Significant progress within mobile for Tele2 Netherlands
Tele2 Netherlands continued its marketing push within the mobile segment, accelerating its customer intake to 49,000 (32,000) customers and taking the total mobile customer base to 584,000. Mobile net sales amounted to SEK 417 (213) million and underlying mobile service revenue grew by 81 percent in Q2 2013. In the quarter, Tele2 Netherlands started the preparatory work to become an MNO, and selected preferred vendors for radio, core and IMS.
Good progress in network roll-out for Tele2 Norway
Tele2 Norway performed according to plan during the quarter, adding 22,000 (23,000) mobile customers in the quarter. The network roll-out continued full speed ahead, now covering approximately 71 percent of the population. The underlying mobile service revenue growth was 13 percent in Q2 2013.
Robust net intake for the Group
Net intake was 330,000 (818,000), of which mobile 455,000 (966,000) in the quarter. Net sales amounted to SEK 7,476 (7,787) million of which mobile services represented SEK 5,378 (5,250) corresponding to a growth rate of 2 percent. EBITDA in Q2 2013 amounted to SEK 1,518 (1,519) million, equivalent to an EBITDA margin of 20 (20) percent. EBITDA for mobile services grew by 12 percent to SEK 985 (883) million.
Good operational performance in Tele2 Kazakhstan
Tele2 Kazakhstan continued to expand its market share and added 309,000 (759,000) new customers in the quarter. Total customer base amounted to 3,162,000 (2,462,000) in June 30 2013. Mobile net sales grew by 46 percent in Q2 2013 amounting to SEK 333 (228) million. Underlying mobile service revenue grew by 64 percent. Thanks to improved operational scale and interconnect levels, EBITDA losses diminished to SEK -52 (-105) million.