Tele2 shares rise despite loss
James Savage · 1 Nov 2006, 11:21
Published: 01 Nov 2006 11:21 GMT+01:00
The company's results were weighed down by a loss of 947 million kronor sustained through the sale of its French operations.
The company's turnover rose to 13.749 billion kronor, compared with 12.381 billion in the third quarter of 2005.
Tele2's share price rose in Stockholm following the report. The results were better than expected, and analysts were pleased by the company's statement that it planned to divest further underperforming areas.