OREANDA-NEWS. Tele2, an alternative mobile operator, has reported consolidated 2Q15 financial and operating results.

In 2Q15, Tele2 has exhibited the following financial results:

  • operating revenue gained 7.1% compared to 2Q14 and totaled RUB23.6 bn;
  • EBITDA totaled RUB7.3 billion having increased 9% compared to the same period last year; EBITDA margin equaled 31%;
  •  investment into IT infrastructure and technical development totaled RUB9.4 billion. The growth totaled 127.8% as compared to 2Q14.

Indicator (bn rubles)

Q2 2014

Q2 2015

Change

Operating revenue

22.0

23.6

7.1 %

EBITDA

6.7

7.3

9.0 %

EBITDA margin, %

30.4%

31.0%

0.5 pps

CAPEX

4.1

9.4

127.8 %

Free cash flow

-0.7

-4.7

(601.4%)

 

In 2Q15 the company showed improvement in the following operating indicators:

  • the company’s subscriber base equaled 34.7 mn people;
  • average revenue per user (ARPU) totaled RUB226;
  • minutes of use (MoU) equaled 376 on average in Russia;
  • average price per minute (APPM) totaled 60 kopecks.

Indicator

Q22014

Q2 2015

Change

Subscriber base, mn

31

34.7

12%

ARPU (rubles)

234

226

(4%)

MoU (minutes)

407

376

(7%)

APPM (rubles)

0.58

0.60

3%

 

Mikhail Noskov, CEO at Tele2:

“The second quarter of 2015 is marked with numerous launches of the 3G/4G networks. Now Tele2 wireless Internet is available to subscribers in 46 Russian regions. Besides, we continued implementing the most large-scale integration project on the Russian telecommunications market. Tele2 launched operations under its brand in 11 regions out of 23 scheduled for 2015. Our financial and operating results point to the company’s dynamic development and confirm earlier set tasks. In 2H15 we are planning to enter the appealing Moscow market and roll out 3G networks in almost all Tele2-penetrated regions by the end of the year.”

Additional information

Starting from 1Q15 Tele2 has switched to a new system for evaluating MOU, which complies with the methodology accepted on the market. We carried out post-evaluation of the 2Q14 indicator under a new methodology for the accurate comparison with the market piers and the 2Q15 indicator.