NEW YORK and STOCKHOLM, Sweden, Aug. 14, 2002 (PRIMEZONE) -- Tele2 AB ("Tele2", "theGroup") (Nasdaq:TLTOA) (Nasdaq:TLTOB) (Stockholmsborsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announces a trading update for the month of July 2002.
-- EBITDA for July 2002 MSEK 466 (July 2001, MSEK 268) up 74%
-- MSEK 2,549. Revenue for July (2001, MSEK 2,074) up 23%
-- Total Customers at July 31, 2002, 16.2 million
-- Total EBITDA margin for July, 18%, for mobile in Sweden 55%,
for fixed line and Internet in Sweden, 22%
Lars-Johan Jarnheimer, President and CEO of Tele2 AB stated: "Once again we can proudly show a gradual improvement in the company's positive result. The significant development for July is that our fixed line operations in continental Europe are now EBITDA positive for the first time on a regional level."
Financial highlights
SEK millions July July
2002 2001
Operating Revenue 2,549 2,074
EBITDA (i) 456 268
(i) Earnings before interest, taxes, depreciation and amortization
About Tele2 AB
Tele2 AB, formed in 1993, is the leading alternative pan-European telecommunications company offering fixed and mobile telephony, data network and Internet services under the brands Tele2, Tango and Comviq to 16.2 million people in 21 countries. Tele2 operates Datametrix, which specializes in systems integration, 3C Communications, operating public pay telephones and public Internet services; Transac, providing billing and transaction processing service; C(3), offering co-branded pre-paid calling cards and Optimal Telecom, the price-guaranteed residential router device. The Group offers cable television services under the Kabelvision brand name and together with MTG, owns the Internet portal Everyday.com. The Company is listed on the Stockholmsborsen, under TEL2A and TEL2B, and on the Nasdaq Stock Market under TLTOA and TLTOB.
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