October 21 (SeeNews) - Croatian wireless operator Tele2 d.o.o. reported net sales revenue of 950 million Swedish crowns ($137.1 million/91.7 million euro) for the first nine months of 2009, up 61% from a year earlier, its Swedish parent company, Tele2, said on Wednesday.
In the same period, Tele2 Croatia narrowed its negative EBITDA (earnings before interest, tax, depreciation and amortization) by an annual 25.1% to 191 million crowns, the Swedish company said in a statement posted on its website.
The number of the Croatian company's subscribers fell to 616,000 at the end of September from 627,000 a year earlier, the statement said.
Sweden's Tele2 entered the Croatian market in late 2005 as the country’s third mobile operator. It is the smallest wireless operator in term of customers.
On the Croatian wireless phone market Tele2 competes with VIP net, a subsidiary of Austria's Mobilkom, and T-Mobile Hrvatska a unit of Deutsche Telekom's Croatian arm T-HT.
(1 euro=10.3542 Swedish crowns)