Tele2 Q1 Net Profit Jumps 630% YoY

Tele2 AB posted Q1 net profit of 6.39 bn SEK, up from 0.875 bn SEK a year earlier.
Revenue rose 2.5% to 7.24 bn SEK, with mobile and fixed connections driving growth and end‑user service revenue up 3.4% YoY.
Cash proceeds from the Baltic tower spinoff totaled 4.7 bn SEK after the late‑2025 deal with Global Communications Infrastructure.
Tele2 reaffirmed 2026 guidance of single‑digit revenue growth and capex of 10‑11% of sales; CEO Jean Marc Harion cited cost cuts and AI focus.