Tele2 Capital Markets Day: highlights

Overall: moving from Discounter to Best Deal and now to Value Champion.

Sweden:

• Comviq discounter brand, Tele2 Value Champion brand.
• 3P on OA networks by YE 2013: 600k households.

Norway:

• Focus on network roll-out. Coverage 75% mid 2013.
• Auction (800, 900, 1800) coming 13Q1.

Kazakhstan (Tele2 51%, Asianet Holding 49%):

• EBITDA-breakeven by 13H2.
• Network coverage 92% in 2015 (today 80%).

Russia:

• Tele2 leads in 9 regions, is a challenger in 21 and a newcomer in 8.
• Focus on 2G; quotes:
• "maximize the 2G opportunity
• make progress on technology neutrality
• absence of MBB will not be critical in approx. 2 years
• >90% of data usage is social networks, where EDGE speed is enough for good user experience"
• "Evaluate possibilities to expand carefully through new licenses as well as by complementary acquisitions."
• Tele2 (and others) aims to launch LTE in 1800 band. 58% of its base stations are LTE-ready and 67% of its transport network.
• MNP is coming to Russia Dec. 1 2013.