Tele2 sees TV base decline

Tele2 saw its TV subscriber base continue to fall in the second quarter but at a slower rate than in the first quarter of the year.

The Swedish telco had 905,000 TV subscribers at the end of the period, down 4% year-on-year, after losing 13,000 customers in the April-June period.

Tele2 lost some 5,000 cable and fibre TV customers and 8,000 digital-terrestrial subscribers through its ownership of DTT broadcaster Boxer.

Kjell Johnsen

Revenue from digital TV stood at SEK672 million for the quarter, down 3% year-on-year, with the losses coming from DTT, which saw a 9% fall while cable and fibre revenues were flat.

The quarter had seen a focus on beginning migration of the service provider’s TV customers in the domestic market to its new TV Hub and TV Hub mini devices and new propositions that include more content from streamer Viaplay.

Overall, Tele2 saw revenue rise by 3% to SEK6.82 billion, with most of the growth coming from the Baltic states, which saw strong average spend per user growth.

“Having reached the half-way point of 2022, we are pleased to see our efforts paying off and that we are on a steady course to deliver on our 2022 guidance. Tele2 is at heart a growth-oriented company and it means a lot to us when we see that all major business lines are getting into growth territory,” said president and CEO Kjell Johnsen.