Tele2 AB (publ) (TLTZY) Q2 2026 Earnings Call July 16, 2026 2:30 AM EDT
Company Participants
Nicholas Hogberg – President & CEO
Peter Landgren – Head of Financial Reporting & Operations, Executive VP and Group CFO
Stefan Trampus – Executive Vice President of Tele2 B2B
Conference Call Participants
Andrew Lee – Goldman Sachs Group, Inc., Research Division
Erik Lindholm-Rojestal – SEB, Research Division
Andreas Joelsson
Viktor Högberg – Danske Bank A/S, Research Division
Felix Henriksson – Nordea Markets, Research Division
Fredrik Lithell – Handelsbanken Capital Markets AB, Research Division
Ulrich Rathe – Bernstein Institutional Services LLC, Research Division
Abhilash Mohapatra – BNP Paribas, Research Division
Ondrej Cabejšek – UBS Investment Bank, Research Division
Ajay Soni – JPMorgan Chase & Co, Research Division
Presentation
Operator
Good day, and thank you for standing by. Welcome to the Tele2 Q2 Interim Report 2026 Conference Call.
[Operator Instructions]
Please be advised that today’s conference is being recorded.
I would now like to hand the conference over to your speaker today, Nicholas Högberg, President and Group CEO. Please go ahead.
Nicholas Hogberg
President & CEO
Thank you. So good morning, and welcome to Tele2’s call for the second quarter of 2026. With me, I have Peter Landgren, our Group CFO; and Stefan Trampus, our Chief B2B.
So please turn to Slide 2 for some highlights from the second quarter. So in Q2, group end user service revenue grew by 2%, whereas underlying EBITDAaL grew by 4% despite tougher comps than in Q1. In Q2, we also continued to generate healthy equity free cash flow of SEK 1.5 billion. We also announced a partnership with Scaleway, Europe’s leading public cloud provider to launch sovereign and scalable cloud and AI offering in Sweden. The offering combined Scaleway’s public cloud capabilities with Tele2’s private cloud services, providing organizations with a powerful hybrid solution.
We continue to expand