Tele2 AB posts strong quarterly growth with 4.2% revenue jump
Tele2 AB has reported solid growth in its latest quarterly results. The Swedish telecoms firm saw mobile subscribers rise by 1.2 percent, reaching 6.8 million. Revenue also climbed by 4.2 percent to SEK 9.8 billion, reflecting a strong performance in a competitive market.
The company's mobile division now holds a 28 percent share of Sweden's mobile market. Alongside subscriber growth, Tele2 AB posted an adjusted EBITDAaL of SEK 3.6 billion for the quarter. Investors responded positively, pushing the share price up by 3.8 percent to SEK 118.50 on Nasdaq Stockholm.
Tele2 AB is also focusing on expansion in enterprise services. Plans include mergers and acquisitions in the sector, as well as new partnerships with Microsoft for cloud solutions. To support future growth, the firm invested SEK 1.2 billion in 5G infrastructure, targeting opportunities in IoT and business services. In fixed-line operations, average revenue per user (ARPU) reached SEK 285. The company's dividend yield remains attractive at around 7 percent for investors in the DACH region. Analysts currently set a consensus target of SEK 130 for the stock, suggesting room for further gains.
Tele2 AB's market capitalisation stands at 9.93 billion EUR as of March 2026. With ongoing investments in 5G and enterprise services, the company aims to build on its current momentum. The latest results highlight steady progress in both subscriber numbers and financial performance.
