Slide 1: Tele2 Interim Report Second Quarter 2026
• Brand new campaigns • We are sharpening our value propositions and investing in our strongest brand assets through new campaigns for both Tele2 and Comviq. ”Focus is clear: further improve customer loyalty, drive sustainable growth and maintain cost discipline” Tele2 Interim Report Second Quarter
Slide 2: Highlights
• • 2% growth in end-user service revenue • 4% organic growth in underlying EBITDAaL • EFCF of SEK 1.5bn • Scaleway partnership: European sovereign cloud & AI in Sweden • Three new stores added in Sweden • Named one of the world’s most sustainable companies by Time 2 Highlights
Slide 3: A solid quarter
• A solid quarter 3 Sweden Business in Q2 • EUSR growth of 4% • Strong growth in Mobile driven by IoT The Group in Q2 • EUSR growth of 2% driven by growth across all operations • Underlying EBITDAaL growth of 4% driven by end-user service revenue growth and continued sharp cost control • Solid EFCF
Slide 4: Sweden
• sweden
Slide 5: Sweden Consumer: Growth in mobile and TV
• Mobile prepaid Fixed broadband EUSR SEKm, YoY growth Digital TV EUSR SEKm, YoY growth Mobile postpaid Sweden Consumer: Growth in mobile and TV • Mobile EUSR SEKm, YoY growth 5 Q2 highlights • Mobile end-user service revenue (EUSR) grew 1% due to 2% postpaid growth partly offset by continued prepai
Slide 6: Sweden Consumer: Overall RGU growth
• Sweden Consumer: Overall RGU growth RGU base & QoQ (‘000s) Fixed broadband RGU & ASPU Digital TV RGU & ASPU ASPU growth YoY Mobile postpaid RGU & ASPU Q2 highlights • Solid intake in Mobile postpaid • Fixed broadband decline driven by deliberate caution in the open networks amid fierce competition
Slide 7: Sweden Business: Continued growth
• Fixed Solutions Mobile Mobile ASPU YoY growth (excl. IoT) End-user service revenue SEKm, YoY growth Sweden Business: Continued growth Mobile RGU & net intake Base & QoQ excl. IoT (‘000s), YoY growth Q2 highlights • Mobile EUSR growth of 7% driven by IoT. Solid RGU intake. ASPU impacted by change i
Slide 8: Business Sweden financials: EBITDAaL growth despite tough comps
• Consumer Underlying EBITDAaL & margin SEKm, YoY growth Operating cash flow and cash conversion, LTM, SEKm Business Sweden financials: EBITDAaL growth despite tough comps End-user service revenue SEKm, YoY growth Q2 highlights • EUSR grew by 1% driven by Business • Underlying EBITDAaL growth of 2%
Slide 9: Baltics
• Baltics
Slide 10: Baltics financials: 10% EBITDAaL growth pro forma
• Underlying EBITDAaL & margin SEKm, YoY including tower impact pro forma Operating cash flow and cash conversion, LTM, SEKm Latvia Baltics financials: 10% EBITDAaL growth pro forma End-user service revenue SEKm, YoY growth Lithuania 10 Underlying EBITDAaL Underlying EBITDAaL margin Estonia Operatin
Slide 11: Baltics KPIs: Strong ASPU growth
• Postpaid RGU base & QoQ (‘000s) Latvia – Mobile RGU & ASPU ASPU growth YoY Baltics KPIs: Strong ASPU growth Estonia – Mobile RGU & ASPU Q2 highlights • Mobile postpaid RGUs increased driven by all markets • Mobile prepaid RGUs declined mainly driven by regulation and migration to postpaid • Blende
Slide 12: Financial overview
• Financial overview
Slide 13: Group results
• 13 Comments • Underlying EBITDAaL grew mainly driven by end-user service revenue growth and continued sharp cost control across operations • Items affecting comparability were mainly driven by workforce-related costs • Net interest and other financial items decreased due to higher interest income
Slide 14: Group cash flow
• 14 Group cash flow Comments • Capex paid decreased mainly due to lower 5G rollout pace and delayed hardware supply, partly offset by payment timing • Spectrum capex comprised payments for the Lithuanian spectrum acquired in Q2 • Net financial items paid decreased mainly due to lower financing cost
Slide 15: Comments
• Comments • Economic net debt decreased by SEK 4.6bn compared to year-end 2025 due to cash proceeds from the Baltic tower transaction and cash generated in the business, exceeding the payout of the first tranche of the dividend • Leverage of 1.7x reflects levels comfortably within an investment-gra
Slide 16: 2026 guidance
• End-user service revenue1 Underlying EBITDAaL1 Capex to sales2 2026 guidance 16 2026 guidance unchanged Low single-digit Low to mid- single-digit 10-11% 1) Organic growth rate, i.e. FX adjusted and including the impact of the Baltic tower transaction on a pro forma basis • 2) Excluding spectrum an
Slide 17: You are number 1. We are Tele2.
• You are number 1. • We are Tele2.