Tele2 H1 results

Tele2 Russia has announced its financial results for the first half of 2013. The H1 revenues of the operator came to RUB 31.8bn (€747.2m), a 13% year-on-year increase. The operational EBITDA indicator stood at RUB 11.6bn (€272.6m), reflecting a 36.3% EBITDA margin. The operator’s investments in network infrastructure this year came to RUB 1.4bn (€32.9m). The company has recorded a 7% year-on-year increase in its customer base to 23.2 million subscribers. The result seems to have fallen short of that of last year, when the company noted a 10% increase in the number of its clients. With regard to other operational indicators, the ARPU generated by Tele2 Russia clients was RUB 231 (€5.42) and the average number of minutes per customer 264.

33961.pngTele2 is an alternative telecommunications operator in Russia and has been owned by the VTB Group since April 2013.