TLTZF - Tele2: Clear Signs Of Heavy Competition In Swedish Market
On Thursday, October 17, 2019, Swedish mobile telecommunications giant Tele2 AB (TLTZF) announced its third quarter 2019 earnings results. At first glance, these results were certainly attractive as the company reported a phenomenal 35% revenue increase year-over-year. This is higher than what most companies in this industry usually experience and that definitely solidifies Tele2's position as Sweden's telecommunications growth story. Unfortunately, a closer look at these results shows that things were certainly not quite as good as they may appear, which is mostly due to the fact that this growth was driven by