ZAGREB (Croatia), April 25 (SeeNews) – Swedish telecoms group Tele2 said on Tuesday its Croatian wireless unit experienced a 73% jump in EBITDA to 19 million Swedish crowns ($2.2 million/2 million euro) in the first three months of the year.
Tele2 Croatia’s net sales increased 8% on the year to 354 million crowns in the three months through March, while its EBIT shrank to a negative 2 million crowns from a negative 6 million crowns in the same period last year, the parent company said in a financial report.
In the first three months of 2017, Tele2 Croatia gained 10,000 customers year-on-year, heightening its customer base to 788,000.
The company's capital expenditures in Croatia dropped sharply to 7 million crowns in the first three months of the year from 53 million crowns in the same period last year.
In Croatia, a country of 4.3 million, Tele2 competes with Vipnet, a subsidiary of Telekom Austria, and the mobile arm of telco Hrvatski Telekom.
(1 euro=9.5911 Swedish crowns)