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Tele2 AB (TEL2a.ST)

TEL2a.ST on Stockholm Stock Exchange

105.30SEK
14 Dec 2017
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0.30kr (+0.29%)
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Latest Key Developments (Source: Significant Developments)

Tele2 CEO says confident Dutch deal should be approved
3:12am EST 

Dec 15 (Reuters) - Tele2 CEO Allison Kirkby tells telephone conference: :Says we are confident Dutch deal should be approved.  Full Article

Tele2 and Deutsche Telekom agree to combine Dutch operations
1:00am EST 

Dec 15 (Reuters) - Deutsche Telekom Ag ::TELE2 AND DEUTSCHE TELEKOM TO COMBINE THEIR DUTCH OPERATIONS.TELE2 AB SAYS ‍TELE2 WILL HOLD A 25% SHARE IN COMBINED COMPANY AND RECEIVE A CASH PAYMENT OF EUR 190 MILLION UPON CLOSING​.TELE2 AB SAYS ‍COMBINED COMPANY IS EXPECTED TO BE CAPITALIZED WITH AN INTERCOMPANY LOAN RECEIVABLE BY DEUTSCHE TELEKOM OF APPROXIMATELY EUR 1.1 BILLION​.TELE2 AB SAYS ‍SHAREHOLDERS HAVE AGREED ON A DIVIDEND POLICY THAT INCLUDES A PAY-OUT RATIO OF 70% OF FREE CASH FLOW TO BE INITIATED WHEN NET DEBT TO EBITDA IS BELOW 2.5X​.TELE2 AB SAYS ‍TRANSACTION IS EXPECTED TO CLOSE IN SECOND HALF OF 2018​.TELE2 AB SAYS ‍AS A PART OF AGREEMENT, THERE IS A BREAK FEE AMOUNTING TO EUR 25 MILLION THAT TELE2 WILL RECEIVE, IN CASE TRANSACTION SHOULD NOT BE APPROVED BY RELEVANT AUTHORITIES​.TELE2 AB SAYS ‍ANNUAL IMPAIRMENT TEST IN Q4 IS ESTIMATED TO RESULT IN AN IMPAIRMENT OF SEK 1.0-1.5 BILLION RELATED TO THE DUTCH OPERATION​.  Full Article

Tele2 Q3 EBITDA tops expecations, lifts 2017 profit forecast
Thursday, 19 Oct 2017 01:00am EDT 

Oct 19 (Reuters) - Tele2 AB :Says net sales for Q3 amounted to SEK 7,542 (6,674) million and EBITDA amounted to SEK 1,848 (1,523) million​.Reuters poll: Tele2 Q3 EBITDA was seen at SEK 1,656 million, sales at 7,613 million.Says ‍2017 financial guidance upgraded​.Tele2 sees 2017 mobile end-user service revenue growth of high-single digits (previously mid-single digits).Tele2 sees 2017 net sales between SEK 30.0 and 31.0 billion (previously between 31.0 and 32.0 billion).Tele2 sees 2017 EBITDA between SEK 6.4 and 6.6 billion (previously SEK 6.2 and 6.5 billion).Tele2 sees 2017 capex between SEK 2.9 and 3.2 billion (previously SEK 3.6 and 3.9 billion).Says previous guidance included Tele2 Austria, with an expected net sales contribution of approximately SEK 1.1 billion, EBITDA of SEK 0.2 billion and capex of SEK 0.1 billion.Says with the balance sheet strength we are now seeing we will also review means beyond the ordinary dividend to return these proceeds to shareholders.Says strong free cash flow, which now at SEK 2.3 billion for the first nine months is increasingly likely to fully cover our dividend for 2017.Says as we earlier assumed dividend cover only in 2019, our board of directors will now review our dividend policy for 2018 and beyond in connection with our full-year results.  Full Article

Tele2 sells Austria business to Hutchison Drei Austria for 95 mln euro
Friday, 28 Jul 2017 03:00am EDT 

July 28 (Reuters) - Tele2 AB :Tele2 sells Tele2 Austria to Hutchison Drei Austria GmbH for EUR 95 million.Tele2 Austria had net sales of SEK 1.1 billion and an EBITDA of SEK 185 million in 2016.Says Tele2 will receive a consideration of EUR 85 million at closing and up to EUR 10 million in form of an earn-out to be paid over 12-24 months depending on success of integration process.Says closing is expected to occur after customary competition approval which is anticipated within next months.  Full Article

Tele2 Q2 EBITDA above expectations, raises 2017 profit forecast
Wednesday, 19 Jul 2017 01:04am EDT 

July 19 (Reuters) - Tele2 Ab : :CORRECTED (OFFICIAL)- Says net sales for q2 (not q1) amounted to SEK 7,988 (6,668) mln and EBITDA amounted to SEK 1,631 (1,087) mln.Says 2017 financial guidance upgraded for group.Says accelerating mobile end-user service revenue growth of 18 percent, or 12 percent on a like-for-like basis.Says 12 months rolling operating cash flow increased to SEK 3.1 billion, versus SEK 1.1 billion a year earlier.Says sees 2017 EBITDA between SEK 6.2 and 6.5 billion (previously SEK 5.9 and 6.2 billion).Says sees 2017 CAPEX between SEK 3.6 and 3.9 billion (previously SEK 3.8 and 4.1 billion).Reuters poll: Tele2 q2 EBITDA was seen at SEK 1,486 million, sales at 7,876 million.  Full Article

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