Tele2 shares rise despite loss

Swedish telecoms operator Tele2 has posted a loss of 2.778 billion kronor for the third quarter. This compares with a profit of 1.026 billion kronor in the same period last year.

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.


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.