EE: Tele2 Estonia revenues up by 6.1% y/y in 2012.

By bne IntelliNews February 6, 2013
Estonian mobile operator Tele2 Estonia recorded revenues of EUR 101.8mn in 2012, up by 6.1% y/y, the company announced. EBITDA of the company grew by 4.4% y/y to EUR 27.1mn. Number of customers increased by 13,500 y/y to total of 511,000. Argo Virkebau, CFO of the group, said that results were positively influenced by sales growth of mobile internet by 128% y/y in 2012, and 33% y/y increase in device sales. The company indicates that despite of price pressure in Estonian market, Tele2 continued to grow due to right mix of media and PR.

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