Tele2 Kazakhstan Revenues Almost Double to SEK 289 mln in Q1

Tele2 Kazakhstan saw its net sales grow to SEK 289 million in the first quarter from SEK 165 million in the year-ago quarter. In the same quarter, LBITDA narrowed to SEK 45 million from LBITDA of SEK 97 million in Q1 2012. The intensive growth of mobile voice and data traffic consumption was maintained during the quarter. Tele2’s achievements in Kazakhstan proved very satisfactory in terms of customer intake thanks to a good value proposition in both the voice and data segments. Customer intake amounted to 252,000 during the quarter, despite a review of the customer base resulting in 140,000 customers being defined as inactive on top of normal churn. Tele2 Kazakhstan’s total customer base reached 3.664 million by the end of Q1.

The gross margin development saw a strong improvement during the quarter, thanks to a better interconnect environment. Tele2 Kazakhstan will pursue network deployment into 2013 to have a geographic coverage comparable to that of its competitors.