Aggressive operator Tele2 claimed that in 2014 it “delivered on our commitments”, despite facing issues such as “uncertainty in Norway” and the “significant transition from fixed to mobile in the Netherlands”.

The fourth quarter saw the company produce its 14th consecutive quarter of mobile growth, with end-user service revenue growing 7 per cent. “The catalyst has been LTE/4G services and a range of customer propositions that provide great value and a great experience,” Mats Granryd, CEO, said in a statement.

The company reported a Q4 net profit of SEK494 million ($60 million), up 78 per cent year-on-year, on revenue of SEK6.88 billion, up 4 per cent. Mobile end-user service revenue was SEK3.2 billion, up 7 per cent.

The fourth quarter saw earnings impacted by marketing investments in Sweden to support its “Value Champion” service positioning and the launch of Apple’s iPhone 6. It also suffered from a data centre fire in Sweden, but benefitted from a licence sale in Estonia.

Tele2 is looking to offload its operation in Norway to TeliaSonera, but fell foul of the country’s competition authority in the process. The parties have now presented a new proposal, and “the sale will be completed after approval by regulatory authorities, which is expected in Q1 2015”.

In December, Tele2 unveiled a new strategy intended to “enable it to continue to challenge the industry”. It has an ambitious “LTE-Advanced/4G only” plan for the Netherlands,

Tele2’s board has also amended its dividend policy to an annual growth of 10 per cent.