Tele2 Q3 sales rise on service revenue, narrows 2026 EBITDAaL guidance
Sweden's Tele2 reported 2% organic Q3 revenue growth and record equity free cash flow. The operator narrowed its full-year 2026 EBITDAaL outlook and lowered capex guidance.
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what happened
According to Reuters, revenue at Sweden's telecom operator Tele2 grew 2% organically in the third quarter. Growth came from all of its operations, mainly from service revenue from end users.
Underlying EBITDAaL rose 3% organically, which the company linked to service revenue gains and tight cost control. Equity free cash flow hit a record for the quarter. The 2026 underlying EBITDAaL guidance was narrowed to 4-5% organic growth, and the capex-to-sales target was cut to below 10% from 10-11%.
The CEO said the company remains disciplined on investment and keeps scrutinising costs to offset geopolitical pressures.
why it matters
For investors the signal is moderately positive: lower capex and record free cash flow give Tele2 more financial flexibility. However, the average analyst rating remains hold, and Reuters cites a median 12-month target about 7% above the October 19 close.
market impact
Tele2 B: stronger cash flow and lower capex support the shares within the Swedish telecom sector
tags
instruments
sources
- Sweden's Tele2 Q3 sales rise on service revenue growth, cuts guidance — Reuters, 20 October 2026 at 05:09 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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