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Tele2 Q3 above f'cst, speeds up Russia launches

Swedish telecoms firm Tele2 posted slightly higher third-quarter profit and said it would speed up mobile service launches in new regions of its key Russian market.

Earnings before interest, tax, depreciation and amortization (EBITDA) were 2.4 billion Swedish crowns ($347 million) versus a mean forecast in a Reuters poll of 2.3 billion and 2.2 billion in the year earlier quarter.

The company said it planned to launch in up to 14 new regions in Russia this year, higher than its original plan of 12. (Reuters)