Q4 2025 Tele2 AB Earnings Call Transcript
Key Points
- Tele2 AB (TLTZF) successfully secured and expanded its 1,800-megahertz spectrum position during the Swedish spectrum auction, enhancing its 5G network capabilities.
- The company achieved a 4% growth in end-user service revenue in Q4 2025, driven by strong performance in Sweden and the Baltics.
- Tele2 AB (TLTZF) reported a 13% growth in underlying EBITDAaL in Q4, marking the third consecutive quarter of double-digit growth.
- The company exceeded its 2025 guidance KPIs, with a 42% increase in full-year equity free cash flow, resulting in a healthy balance sheet.
- Tele2 AB (TLTZF) was recognized for its sustainability efforts, ranking number 1 in Europe and second globally by Global Child Forum for integrating child rights into business practices.
- The shutdown of 2G and 3G networks in Sweden may have short-term impacts on certain customer segments.
- Q4 equity free cash flow was impacted by a spectrum payment, offsetting higher underlying EBITDAaL.
- The company faces aggressive competition and escalating wholesale access fees in the fixed broadband market, impacting volume growth.
- Despite strong growth, the company remains cautious about the macroeconomic environment and its potential impact on customer behavior.
- The proposed dividend of SEK10.50 per share, while a significant increase, is not guaranteed as a floor for future shareholder returns.
Good day, and thank you for standing by. Welcome to the Tele2 Q4 and full year report 2025 conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Jean-Marc Harion, President and Group CEO. Please go ahead.
Thank you, Sandra, and good morning to all, and welcome to Tele2's report call for the fourth quarter and full year 2025. With me, I have Peter Landgren, our Group CFO; Nicholas Hogberg, our new Chief B2C Officer and Deputy CEO; and Stefan Trampus, our Chief B2B Officer.
Please turn to Slide 2 for some operational highlights from the fourth quarter. We had quite an intense last quarter of the year. We successfully secured and expanded our 1,800-megahertz spectrum position during the Swedish spectrum auction in November.
In early December, we shut down both our 2G and 3G networks in Sweden, marking a milestone in our company
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