Tele-2 reports challenging quarter
FEBRUARY 2, 2021 13.31 EUROPE/LONDON BY JULIAN CLOVER

Sweden’s Tele-2 has recorded a 3% decline in revenues following its internal restructuring in the wake of the Com Hem merger.

The company reported revenues of SEK 6.9 billion.

Swedish Consumer revenue slipped by 1% following a decline in mobile pre-pay and digital TV revenues elevated by the Covid-19 crisis. The decline in premium services continued, though at a lower rate than in the previous two quarters, as sports coverage returned to Swedish screens.

There was some compensation from fixed broadband and mobile post-paid end-user service revenue.

Tele-2 has also invested in the final switch-off of Com Hem’s analogue TV services.