ZAGREB (Croatia), July 20 (SeeNews) – Swedish telecommunications group Tele2 said its Croatian wireless unit posted a 58.1% jump in first-half EBITDA to 49 million Swedish crowns ($5.9 million/5.1 million euro).
Tele2 Croatia’s net sales increased 11.2% on the year to 762 million crowns in the six months through June, while its EBIT turned to a positive 5 million crowns from a negative 3 million crowns in the same period last year, the parent company said in an interim financial report.
In the first six months of 2017, Tele2 Croatia added 21,000 customers year-on-year, heightening its customer base to 822,000.
The company's capital expenditures in Croatia dropped sharply to 32 million crowns in the first six months of 2017 from 84 million crowns in the like 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 Hrvatski Telekom.
(1 euro=9.56857 Swedish crowns)