Tele2 profits drop sharply

Sweden’s Tele2 reported on Tuesday morning a sharp drop in profits for the second quarter 2006.

The company’s pre-tax profit of 314 million kronor for the period was 68 percent below figures posted last year at this time. Analysts were expecting 326 million kronor. Shares were down in morning trading.

CEO Lars-Johan Jarnheimer said customer churn has stabilized, and while he expects the decline in total fixed telephony to continue, numbers in Sweden should improve in coming quarters.

Turnover growth in 2006 was reduced from an expected 16 percent to 11-14 percent. Better results are still expected for 2007.


Tele2 and Comviq mobile blackout cuts off Swedish users abroad

If you've been having trouble getting your mobile to work outside Sweden since Friday, this may be the reason why.

Tele2 and Comviq mobile blackout cuts off Swedish users abroad
Photo: TT

Swedish prepaid mobile phone brand Comviq and its European holding company Tele2 are experiencing serious problems with their overseas networks. 

The unexpected glitch means Swedish customers abroad are experiencing difficulties when placing and receiving calls, texting and browsing the internet, a situation that’s gone on for more than 24 hours.

“It's deeply regrettable,” admits Tele2 media spokesperson Johan von Heijne.

“We urge those who need to get in touch with people to look for places with Wifi instead.”

Tele2 and Comviq’s networks continued to experience problems on Saturday with no apparent solution in sight.

“We have no new information yet,” von Heijne is quoted as saying by Swedish news agency TT.


To make matters worse, Tele2's website is down.

“This is an unfortunate coincidence. But we’re reaching out to our customers through our other channels, ” explained von Heijne.

Tele2 started as a telecommunications company in Sweden in 1993 and currently operates in Sweden, Croatia, Estonia, Kazakhstan, Latvia, Lithuania, the Netherlands, Russia and Germany.

Comviq merged with Tele2 in 1997, but the name Comviq was retained as a brand, together with Tele2's own brand Tele2 Mobile.