Tele2 gains on Q4 earnings beat

Tele2 AB

30/01/2024 08:14

** Shares in Tele2  TEL2b.ST  rise 3% after the Swedish
telecoms operator reported a Q4 earnings beat
    ** Q4 underlying EBITDAaL came in at SEK 2.62 billion
($251.22 million), which J.P.Morgan says was 1.8% above
consensus
    ** JPM says most of the beat was driven by Sweden
    ** "Tele2 has reported a good set of Q4 numbers with
EBITDAal +1.8% ahead of consensus expectations," New Street
Research says in a note
    ** The stock is on track for its best day since October

($1 = 10.4292 Swedish crowns)

 (Reporting by Jagoda Darlak)
 ((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40;))