LLC “T2 RTC holding” (Tele2) decided not to publish statements for the III quarter of 2016. About this newspaper “Vedomosti” with reference to the representative of Tele2 Konstantin Prokshin.

According to the publication, the revenue of Tele2 in the III quarter of 2016 increased by 14% (according to some sources, even by 14.8%). The success of Tele2 and cause a severe focal reaction of other market participants and creating “unnecessary additional risks in key areas of the business,” explains Proxin.

“Tele2 is an open company, but at the moment there is no need to publish full financial and operating statements on a regular basis. The status of a private company allows not to. Perhaps later detailed and regular disclosure reporting will continue. Up to this point, the individual performance of the company may be disclosed in the statements of shareholders Tele2″, told Proxin.

Given the evidence of the newspaper’s sources, revenue growth, Tele2 has accelerated in the second quarter they increased by 10.3% in the first quarter of 5.4%. In addition, the operator became the only Russian “big four” who built up the indicator. As reported, PJSC “Vympelcom” revenue decreased by 1.6%, the JSC “Mobile TeleSystems” (MTS) – 0.8%, OJSC “MegaFon” – on 0,1%.

Tele2’s net loss in the third quarter amounted to almost 2.9 billion rubles, reported earlier, one of the shareholders of the company – PJSC “Rostelecom”.

According to “Vedomosti”, Tele2 at the end of September amounted to 39.5 million subscribers, which is 11.3% higher than a year earlier and 1.5 percent more than in II quarter of 2016. Representative at Tele2 declined to comment on the data sources on revenues and subscriber base.

“T2 RTC holding” is created on the basis of the regional GSM operator Tele2 Russia and the mobile assets of state “Rostelecom”. The company completed a joint venture on 6 August 2014. Following the transaction, Rostelecom has contributed to the capital of the new company the shares of its mobile subsidiaries, having received 45% in the new operator. Control of “T2 RTC holding” retained a consortium of investors consisting of VTB, the Bank “Russia”, “SOGAZ” Alexey Mordashov.

Mobile operator Tele2 classified financial statements to avoid “the reaction of competitors” 25.11.2016

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