EE: Tele2 Estonia revenues down by 1% y/y in 2010.

By bne IntelliNews February 9, 2011
Estonian branch of mobile operator Tele2 recorded revenues of EUR 99mn in 2010, which indicates decline by 1% y/y. In H2 revenues increase of 3% y/y was recorded. EBITDA stood at EUR 25mn in 2010, down by 9% y/y. Toomas Tiivel, head of the company said that the bottom has been hit in Q1, while growth returned in H2. Number of subscribers increased by 5% y/y and stood at 468,000 as of end-2010. The company estimates its market share of 34% in the Estonian market. Balance of number portability was positive, with 6,500 more people moving to Tele2 than exiting.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more

EE: Estonian Air to return excess Embraer airplanes.

Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335