TELE2 REPORTS CUSTOMER INTAKE OF 1,063,000, WITH REVENUES UP 21% TO MSEK 9,225 AND EBT MORE THAN TRIPLING TO MSEK 567
New York and Stockholm - Tuesday, August 5, 2003 - Tele2 AB ("Tele2", "the Group") (Nasdaq Stock Market: TLTOA and TLTOB and Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announced its consolidated results for the second quarter ended June 30, 2003.
- Number of customers rises by 1,063,000 to 18.7 million
- Revenues up 21%, by MSEK 1,602 to MSEK 9,225 compared to Q2 2002*
- EBITDA MSEK 1,538 compared to MSEK 1,120 in Q2 2002*
- EBT more than triples to MSEK 567 compared to Q2, 2002*
- Fixed line EBITDA margin in Continental Europe over 7% while adding 570,000 new customers
- Cash flow after investments MSEK 965 compared to MSEK 70 in Q2 2002
- Launch of four GSM networks in Russia
*excl. MSEK 87 Telia court settlement (note 1)