Mobile Operators Ltd. “Tele2“In the first nine months of this year, it had a turnover of 108.7 million euros, which is 8.7% more than in the corresponding period a year ago, the company said.
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The number of the company’s customers has also increased significantly over the past nine months, and currently the total number of connections in the Tele2 network exceeds one million.
According to the company, the turnover has grown not only due to the growing number of customers, but also due to the increase in sales of smart devices. In the first nine months of this year, the turnover of smart devices has increased by more than 13% compared to the corresponding period last year.
“For many years, we have invested heavily in the mobile network to provide quality services, worked hard on customer service and loyalty programs, and developed the company’s brand. This now allows the company to be proud not only of its recognized financial performance and the fact that Tele2” is the largest mobile operator in Latvia in the retail segment, but for the first time in history we have become the most beloved brand in the industry, “commented Valdis Vancovičs, Chairman of the Board of Tele2.
Tele2’s EBITDA or profit before interest, taxes, depreciation and amortization in the first nine months of this year was 43.3 million euros, which is 9.5% more than in the first nine months of last year.
If we look only at the third quarter of this year, Tele2’s turnover continued to increase compared to the same period last year. “that the decisions taken by the government will stimulate the public to become better protected against the virus and there will be no need to discuss restrictions next year,” Vancovičs acknowledged.
It has already been reported that Tele2 last year had a turnover of 138.576 million euros, which is 1.4% more than a year earlier, while the company’s profit increased by 9.4% to 34.469 million euros.
The company “Tele2” was registered in November 1995 and its share capital is 3.486 million euros. The sole owner of Tele2 is the Swedish Tele2 Sverige.
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