Tele2 has announces its consolidated results for the first quarter 2026, including the completion of the Baltic tower transaction and solid underlying EBITDAaL growth of 11 per cent driven by end-user service revenue growth across all operations and sharp cost control. Highlights include:

• End-user service revenue of SEK 5.5 billion increased by 3 per cent organically compared to Q1 2025 driven by growth across all operations.
• Total revenue of SEK 7.2 billion increased by 3 per cent organically compared to Q1 2025.
• Underlying EBITDAaL of SEK 2.9 billion increased by 11 per cent organically compared to Q1 2025 driven by sharp cost control across all operations and end-user service revenue growth.
• Q1 2026 profit after financial items (EBT) of SEK 6.7 (1.1) billion increased by SEK 5.6 billion compared to Q1 2025, mainly due to a capital gain of SEK 5.1 billion related to the Baltic tower company.
• Net profit from total operations of SEK 6.4 billion. Earnings per share from total operations of SEK 9.20 (1.26) in Q1 2026.
• Equity free cash flow of SEK 2.2 (2.0) billion in Q1 2026.
• Tele2 and GCI finalised the transaction to create the first pan-Baltic tower company. Cash proceeds to Tele2 amounted to SEK 4.7 billion.
• Five new stores opened in Q1 to improve service, deepen customer relationships and address growth potential.
• Fixed network upgrades with speeds up to 2.5 Gbps in several cities in Sweden.

Jean Marc Harion, President and Group CEO of Tele2, commented: “The foundation and momentum we built in 2025 are reflected in our solid first-quarter results, with growth in service revenue, profitability and equity free cash flow. We continue to apply strict discipline and constant optimisation of our organisation – in terms of size, focus and capabilities – while investing in customer experience. During the quarter, we made significant progress in our ability to offer the right product at the right time through the right channel. This has been driven by what might seem like two extremes: physical retail and AI.”

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Categories: Press Releases

Tags: AI, telco, tele2