Tele2 AB (publ) (TLTZY) Q2 2026 Earnings Call Transcript

Good day, and thank you for standing by. Welcome to the Tele2 Q2 Interim Report 2026 Conference Call. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Nicholas Hogberg, President and Group CEO. Please go ahead.

Thank you. So good morning, and welcome to Tele2's call for the second quarter of 2026. With me, I have Peter Landgren, our Group CFO; and Stefan Trampus, our Chief B2B. So please turn to Slide 2 for some highlights from the second quarter. So in Q2, group end user service revenue grew by 2%, whereas underlying EBITDAaL grew by 4% despite tougher comps than in Q1. In Q2, we also continued to generate healthy equity free cash flow of SEK 1.5 billion. We also announced a partnership with Scaleway, Europe's leading public cloud provider to launch sovereign and scalable cloud and AI offering in Sweden. The offering combined Scaleway's public cloud capabilities with Tele2's private cloud services, providing organizations with a powerful hybrid solution. We continue to expand