PRESS: Tele2 doubles plan for LTE unrolling in 2017 to 25 regions

MOSCOW, May 4 (PRIME) -- Russian mobile operator T2 RTK Holding, working as Tele2, has doubled the geography of its plans to construct LTE networks in 2017, business daily Vedomosti reported on Thursday citing the company’s spokesman Konstantin Prokshin.

The operator earlier planned to unroll LTE networks in 13 regions of the country, but now it raised their number to 25 regions, Prokshin said.

T2 RTK Holding now has LTE networks in 28 out of the country’s 85 regions, including three areas covered earlier in 2017.

The company revised up its outlook for capital expenditures, Prokshin said without disclosing any figures.

T2 RTK Holding confirmed its intention to show a positive money flow as of the end of 2017, he said.

In 2016, the operator’s net loss widened to 15.6 billion rubles from 7.6 billion rubles a year earlier, as calculated under International Financial Reporting Standards (IFRS). Revenue rose 11.9% to 105.9 billion rubles.

All financial figures of the mobile operator were disclosed in VTB Bank’s report after T2 RTK Holding refused to disclose results in 2016 not to provoke a backlash from other market players, as it said then.

(57.0927 rubles – U.S. $1)

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