OREANDA-NEWS. Tele2 Russia, an alternative mobile operator, has reported consolidated 3Q13 financial and operating results.
Over 3Q13, the company has showed a steady growth of key financials:
Operating revenue increased 12% compared to 3Q12 and totaled RUB48.8 billion;
All-Russia EBITDA equaled RUB18 billion, having added 13% against the same period last year. EBITDA margin totaled 36.8%;
Investment in IT infrastructure and technical development has totaled RUB4.2 billion over 3Q13.

Over 3Q13, Tele2 Russia has improved its key operating results:
Subscriber base added 6% compared to 3Q12 bringing a total number of Russian clients up to 23 679 thou;
Ruble-denominated average revenue per user (ARPU) increased 4% compared to the same period last year and totaled RUB234;
Minutes of use (MoU) totaled 264 on average in Russia, the number gained 4% compared to 3Q12.

 “Tele2 Russia is exhibiting steady financial and operating results. The company’s strong stance, efficiency of its business model and prospects of development reflected in agencies’ high rates: the AK&M agency confirmed Tele2 rating at A+ and Fitch – at BB+. In 3Q13 the company and its shareholder VTB Group approved a new strategy that included best possible scenarios for further growth with current market conditions taken into account.”