Tele2, the Sweden-based multinational telco, has reported Q3 service revenue of SEK 5.5 billion (€0.48bn), up 3 per cent organically compared to Q3 2023, attributed to growth across operations. Total revenue amounted to SEK 7.4 billion, an increased of 3 per cent YoY.

Profit after financial items (EBT) stoood at SEK 1.4 billion in Q3. Full year 2024 guidance and mid-term outlook remains unchanged.

After four years as CEO for Tele2, Kjell Johnsen has informed the board that he will be stepping down. Tele2’s Board of Directors has appointed Jean Marc Harion as President and CEO, effective from November 10th. Harion is currently the CEO of Polish telecom operator Play and serves on Tele2’s Board of Directors.

Johnsen commented: “I am glad to report that we continue our growth in all business lines while being on track to finishing the 5G swap in Sweden. We see positive momentum and volume within Sweden Consumer and a good order intake for Sweden Business. Price adjustments in Latvia have played out well and the overall momentum in Lithuania and Latvia continues to impress. As this is my last quarterly report at Tele2, I would like to thank my team, the Board and all employees for a lot of demanding work and a strong determination to deliver great services to our customers. We have worked together to transform a company consisting of several cultures and systems into a company with one strategy, common values and a culture that strives to improve our business operations while being a true leader within sustainability. We will now make sure we have a good handover to Jean Marc.”

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Categories: Articles, Broadband, Business, Results, Telco

Tags: telco, tele2