Tele2 AB (publ) (TEL2_A) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Tele2Q1 Interim Report 2025 conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 1 on your telephone. You will then hear an automated message advising your hand is raised. To answer your question, please press star 1 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to our speaker today, Jean-Marc Arien, President and Group CEO. Please go ahead. Thank you and good morning and welcome to Teletous Report School for the first quarter of 2025. With me here in Chista today, I have Peter Landgren, our Group CFO and for Sweden, Peter Charmak, our chief B2C officer, and Stefan Trampus, our chief B2B officer. Please turn to slide two for a brief recap on our transformation plans and progress so far. 2025, as you know, is a transformation year for Tele2. Our objective is to build a faster, simpler, and more agile Tele2 by coming back to Tele2's original challenger culture. And I'm happy to present you today the progresses we have made over the first quarter of 2025 to simplify our organization, control our costs, and prioritize our investments. We have reduced our workforce by more than 450 positions at the group level by the 15th of April. We have reopened and renegotiated 20% of our largest contracts. We have implemented a new cost governance to scrutinize and challenge all our expenses. And we have now a new leadership team in place. And even more importantly, our cultural shift, especially our cost consciousness focus is strongly supported internally. And I want to take this opportunity to...