Tele2 AB (publ) (TEL2_A) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Teleti Q2 Interim Report 2026 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 one and one again. Please be advised that today's conference is being recorded. I will now like to hand the conference over to your speaker today, Niklas Hogberg, President and Group CEO. Please go ahead. Thank you. Good morning and welcome to Teletubbies call for the second quarter of 2026. With me, I have Peter Langgren, our Group CFO, and Stefan Trampus, our Chief B2B. So, please turn to slide two for some highlights from the second quarter. So, in Q2, group and user service revenue grew by 2%, whereas underlying EBITDA grew by 4%, despite tougher comps than in Q1. In Q2, we also continued to generate healthy equity-free cash flow of 1.5 billion. We also announced a partnership with Scaleway, Europe's leading public cloud provider, to launch a sovereign and scalable cloud and AI offering in Sweden. The offering combines Scaleway's public cloud capabilities with Teletoo's private cloud services, providing organizations with a powerful hybrid solution. We continue to expand our store network in Sweden, adding three new stores during the quarter. And finally, we are proud to have been recognized by Time Magazine as one of the world's most sustainable companies, including being the most sustainable telco in the Nordics. So please move to page three for more details on our results. So our 2% growth in end user service revenue was driven...