LT: Lithuanian Tele2 revenues down by 0.8% y/y in Q2.

By bne IntelliNews July 21, 2011
Lithuanian mobile network carrier Tele2 recorded revenues of LTL 116.7mn (EUR 33.8mn) in Q2, a decline of 0.8% y/y. EBITDA in Q2 amounted to LTL 34.9mn, which indicates 17.7% y/y decline. In H1 the company recorded revenues of LTL 227.3mn, 0.3% y/y decline. EBITDA in H1 amounted to LTL 81.2mn, down by 0.1% y/y. Petras Masiulis, head of the company, said that despite of the negative effect of the reduced charges of call finalization, the company would have recorded growth.

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