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Tele2 AB (TEL2b.ST)

TEL2b.ST on Stockholm Stock Exchange

88.30SEK
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Latest Key Developments (Source: Significant Developments)

Tele2 Q1 core profit exceeds expectations
Monday, 24 Apr 2017 01:12am EDT 

April 24 (Reuters) - Tele2 Ab : :Q1 net sales amounted to SEK 7,875 (6,446) million and EBITDA amounted to SEK 1,723 (1,226) million.Reuters poll: tele2 q1 EBITDA was seen at SEK 1,434 million, sales at 7,682 million.Says 2017 financial guidance is unchanged.Says much of the growth initiatives and infrastructure investments for 2017 lie ahead of us, and revenues and costs will be negatively affected by the new roaming regulation in the second half of the year. Says our 2017 full year guidance reflects these factors.Says increase of Q1 EBITDA compared to last year is mainly related to the inclusion of TDC in Sweden as well as higher profitability levels in the Netherlands and Kazakhstan .Says in Sweden, mobile end-user service revenue increased by 5 percent like-for-like driven by continued data growth, migration of customers to higher ASPU bundles, and a strengthening of our position in the enterprise segment.Says in the Netherlands we did experience lower customer intake as competitive pressure increased and new regulatory demands came in to play..  Full Article

Tele2 appoints Jon James new CEO of Tele2 Netherlands
Friday, 3 Mar 2017 02:35am EST 

Tele2 Ab : Jonathan (Jon) James appointed new ceo of tele2 netherlands and member of tele2 ab's leadership team .Jon James succeeds Malin Holmberg who will leave the company.  Full Article

Tele2 says wins regulatory approval for its TDC acquisition
Friday, 7 Oct 2016 08:37am EDT 

Tele2 AB : Says receives clearance to acquire TDC Sweden .Says will now work towards closing transaction by end of month.  Full Article

Tele2 says COO Niklas Sonkin to leave company
Wednesday, 31 Aug 2016 12:02am EDT 

Tele2 Ab : Niklas Sonkin, COO, to leave Tele2 . Says Fredrik Stenberg, currently Director of Customer Operations and member of the Shared Operations Leadership Team, will assume the position as acting COO. Further company coverage: [TEL2b.ST] (Reporting By Simon Johnson) ((simon.c.johnson@thomsonreuters.com;)).  Full Article

Tele2 acquires Kombridge, boosting security services
Tuesday, 23 Aug 2016 02:00am EDT 

Tele2 Ab :Tele2 IOT acquires Kombridge and strengthens its position within security services.  Full Article

Nokia wins order from Tele2
Monday, 25 Jul 2016 05:00am EDT 

Nokia Corp : Says to provide Tele2 with cloud packet core solution across entire Tele2 group network to deliver mobile broadband, further prepare for 5g .Says will provide Tele2 with Nokia's cloud packet core solution in Croatia, followed by Sweden, Baltic states, Austria, Netherlands and Kazakhstan.  Full Article

Tele2 CEO eyes 2-3 percent underlying mobile growth in Sweden, but gives no timing
Thursday, 21 Jul 2016 02:00am EDT 

Tele2 Ab : CEO says should be able to get back to 2-3 pct underlying mobile growth in Sweden, gives no forecast for when Further company coverage: [TEL2b.ST] (Reporting By Olof Swahnberg and Sven Nordenstam) ((Olof.Swahnberg@thomsonreuters.com;)).  Full Article

Tele2 Q2 EBITDA just below expectations, repeats 2016 guidance
Thursday, 21 Jul 2016 01:00am EDT 

Tele2 : Net sales in Q2 amounted to SEK 6,668 (6,611) mln and EBITDA amounted to SEK 1,087 (1,393) mln . Says EBITDA was primarily impacted by costs associated to the commercial push in the Netherlands following the 4G LTE network launch, Sweden non-recurring items and mobile marketing investments as well as declines in our fixed operations . 2016 financial guidance is unchanged .Reuters poll: Tele2 Q2 EBITDA was seen at 1,108 mln SEK, sales at 6,577 mlnConsensus figures: [ID:nL8N1A43GY].  Full Article

Tele2 to acquire TDC Sweden in deal worth 2.9 bln SEK
Tuesday, 21 Jun 2016 01:00am EDT 

Tele2 AB : Says will acquire TDC Sweden at an enterprise value of SEK 2.9 billion . Says in conjunction with transaction, Tele2 proposes to undertake an equity issue with preferential rights to existing shareholders to a total amount of approximately SEK3 billion . Tele2 estimates annualized run rate opex and capex synergies to amount to approximately SEK 300 million, with additional one-off capex synergies estimated to amount to sek 200 million . Says positive effects of cross-selling are also expected. . Says preliminary estimates for integration costs and other one-off costs required to achieve synergies amount to approximately SEK 750 million . Says transaction is not conditional on equity financing, as tele2 has available funds and existing credit facilities in place to finance transaction .TDC Sweden had net sales in 2015 of SEK 3.4 billion and an EBITDA of SEK 0.4 billion.  Full Article

TDC divests its Swedish subsidiary to Tele2 Sverige
Tuesday, 21 Jun 2016 01:00am EDT 

Tdc A/S : Has entered into agreement to divest TDC Sverige AB to Tele2 Sverige AB for cash consideration of 2.9 billion Swedish crowns ($352.3 million) on a cash and debt free basis . Closing of transaction is expected in Q4 2016 . Divestment is estimated to result in a gain of about 0.8 billion Danish crowns ($122 million) after tax . Tdc sverige ab is classified as 'discontinued operations' in TDC's consolidated financial statements effective from Q2 2016 . Divestment changes TDC's guidance for 2016 for EBITDA and EFCF, whereas guidance for DPS is unchanged . Updated 2016 guidance: EBITDA about 8.4 billion Danish crowns .Updated 2016 guidance: EFCF about 1.7 billion crowns.  Full Article

More From Around the Web

BRIEF-Competition law investigation at Tele2

* Says confirms that representatives from the European Commission have initiated an investigation about possible anti-competitive cooperation between operators in the mobile market and/or possible abuse of collective dominant position