Quarterly revenues Tele2 stopped falling

Mobile operator Tele2 increased its revenues in the first quarter of 2016 5.4% to 24.3 billion RUB compared to the same period in 2015. Tele2 managed to reverse the trend of falling quarterly revenues year-on-year, which the company showed in the previous quarters of 2015, according to the materials of the operator.

The company attributes the revenue increase primarily by increasing revenues from mobile Internet. The number of active users of this service in the first quarter amounted to about 8.4 million people (22% of the subscriber base.

EBITDA fell by 43.6 billion rubles to 3 billion rubles Is the planned reduction, the company explains: it was the result of expenditure growth in 2015 for the construction of networks, the launch of the Tele2 brand in 23 regions and marketing costs. Thus, the ratio of capex to revenues was about 40% full in 2015 — due to the construction of networks in Moscow and the regions.

The EBITDA margin in the first quarter of 2016 amounted to 12.2%, down from 22.7%.

The number of Tele2 subscribers increased compared to the end of 2015 to 1.1 million people, up to 38.4 million, with most new connections have provided the Moscow region — the company received 0.9 million new subscribers for the quarter. The number of subscribers in Moscow reached 2.1 million year-on-Year subscriber base grew by 9.8%, or 3.4 million people.