5 Feb 2013 14:38

Tele2 Russia plans to up revenue 8%-9% in 2013

MOSCOW. Feb 5 (Interfax) - Tele2 Russia, the Russian subsidiary of Scandinavian telecom holding Tele2, plans to boost revenue by at least 8%-9% this year to 64-64.5 billion rubles, the company's CFO Lyubov Smirnova told reporters.

Earnings before taxes, depreciation and amortization (EBITDA) are expected to grow 6%-7% to 22.4-22.9 billion rubles in 2013, she said.

Last year, Tele2 Russia generated 59.5 billion rubles in revenue, up 15%. EBITDA was up 7% to 22.7 billion rubles, and capex totaled 6.1 billion rubles, compared to 7.6 billion rubles in 2011. Free cash flow jumped 27% to 12.8 billion rubles.