October 4, 2016 / 6:16 AM / a year ago

BRIEF-Tele2 says to issue SEK 3 billion in rights issue

Oct 4 (Reuters) - Tele2 AB

* Says the board of directors has decided on an approximately SEK 3 billion rights issue supported by the main shareholder

* Says the largest shareholder Kinnevik has committed to subscribe for its pro rata share of the Rights Issue and Nordea Bank AB has entered into a standby underwriting commitment, subject to customary conditions, for the remaining portion of the Rights Issue

* Says the acquisition of TDC Sweden is not conditional upon equity financing as Tele2 has available funds and existing credit facilities in place to finance the acquisition

* Says 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 Tele2 also expects positive effects from cross-selling (which are not included in the above synergy estimates)

* Says estimates the integration costs and other one-off costs required to achieve synergies to amount to approximately SEK 750 million For the original story click here: bit.ly/2cPjbXL Further company coverage: (Stockholm Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below