Tele2 loses TV subs as profit falls
JULY 19, 2022 12.52 EUROPE/LONDON BY CHRIS DZIADUL

Tele2 ended the second quarter with 905,000 digital TV subscribers in its home market Sweden.

This, according to the company in its latest set of results, was down 4% on the same period last year.

Of the total, 631,000 (-2%) were cable and fibre, and 274,000 (-9%) DTT. Revenues from digital TV services in Q2 amounted to SEK674 million (€63.9 million), down 3% on the same period last year.

Tele2, which also has operations in the Baltics, had total revenues of SEK6,820 million in Q1, compared to SEK6,572 million a year earlier.

Its underlying EBITDA was SEK2,790 million (SEK2,686 million) and net profit SEK847 million (SEK1,367 million).