Tele2 hits 5G milestone in Q3
October 21, 2025
Tele2, the Swedish multinational telco, has announced its consolidated results for the third quarter of 2025, reporting strong equity free cash flow, and full year 2025 guidance on capex to sales lowered, while maintaining focus on growth initiatives. Highlights include:
- End-user service revenue of SEK 5.6 billion (€0.52bn), up 2 per cent organically compared to Q3 2024, driven by the Baltics and Sweden Business.
- Total revenue of SEK 7.4 billion, up 1 per cent organically compared to Q3 2024.
- Underlying EBITDAaL of SEK 3.1 billion, up 11 per cent organically compared to Q3 2024, supported by improved cost base and solid top line growth.
- Q3 2025 profit after financial items (EBT) of SEK 1.6 (1.4) billion.
- Net profit from total operations of SEK 1.3 (1.1) billion and earnings per share of SEK 1.86 (1.60).
- Equity free cash flow of SEK 1.8 billion in Q3 2025.
- Full year 2025 guidance on capex to sales (excl. spectrum and leases) reduced to around 12 per cent (previously around 13%)
- 5G coverage now reaches 99.9 per cent of the Swedish population; shutdown of 2G/3G network scheduled for December.
- Strongest iPhone launch since 2016, with growing share of sales through own channels.
- Baltic operations delivered another strong quarter on both top line and bottom line.
Jean Marc Harion, President and Group CEO of Tele2, commented: “Our strict approach to cost and priorities is now deeply integrated into the company culture and daily operations. That means we are now able to gradually increase our efforts to optimise our teams, automate our processes and launch growth initiatives within the business units, ensuring that we invest where it matters most to our customers. The third quarter marked an important milestone when we enabled 5G across our entire Swedish network, now reaching 99.9 per cent of the population. With the shutdown of our 2G/3G network coming in December, we can focus all efforts on one efficient network and continue to realise our ambition of building Sweden’s best 5G network.”
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