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Tele2 AB (TEL2b.ST)

TEL2b.ST on Stockholm Stock Exchange

114.85SEK
14 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Deutsche Telekom Expects First Feedback On U.S. Deal In Late Aug
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Deutsche Telekom ::CFO SAYS ON GOOD TRACK FOR IT UNIT T-SYSTEMS TO RETURN TO GROWTH NEXT YEAR.CFO SAYS EXPECTS FIRST FEEDBACK FROM U.S. AUTHORITIES ON T-MOBILE-SPRINT DEAL IN LATE AUG.CFO SAYS WE STILL FEEL VERY GOOD ABOUT T-MOBILE-SPRINT DEAL.CFO SAYS ENTRY OF FOURTH PLAYER ON GERMAN MARKET WOULD WEAKEN INVESTMENT IN NETWORK UPGRADES.  Full Article

Tele2 Q2 operating profit beats forecasts, raises 2018 guidance
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Tele2 AB ::TELE2 AB SAYS WE ARE NOW CONFIDENT THAT OPEX AND CAPEX SYNERGIES FROM COM HEM MERGER IN SWEDEN WILL BE HIGHER THAN PREVIOUSLY COMMUNICATED ANNUAL TARGET OF SEK 450 MILLION.TELE2 Q2 SALES 6,491 MILLION SEK.TELE2 AB SAYS RAISE OUR FULL YEAR ADJUSTED EBITDA GUIDANCE.TELE2 Q2 EBITDA 1,789 MILLION SEK.TELE2 AB SAYS SEES 2018 ADJUSTED EBITDA BETWEEN SEK 6.8 AND 7.1 BILLION.EARLIER GUIDANCE WAS BETWEEN SEK 6.5 AND 6.8 BILLION.REUTERS POLL: TELE2 Q2 EBITDA WAS SEEN AT SEK 1,660 MILLION, SALES AT 6,351 MILLION.TELE2 AB SAYS BOTH DEALS, IN SWEDEN AND NETHERLANDS, ARE STILL EXPECTED TO CLOSE IN THE FOURTH QUARTER.TELE2 AB SAYS WE EXPECT SOME PRICE PRESSURE WITHIN B2B TO CONTINUE IN THE SHORT TERM.  Full Article

Com Hem Q2 Underlying EBITDA In Line, Stands By 2018 Guidance
Wednesday, 11 Jul 2018 

July 11 (Reuters) - Com Hem Holding AB ::Q2 REVENUE INCREASED BY 1.1% TO SEK 1,815M.Q2 UNDERLYING EBITDA INCREASED BY 3.8% TO SEK 758M.REUTERS POLL: COM HEM Q2 ADJUSTED EBITDA WAS SEEN AT SEK 759 MILLION, REVENUE AT 1.83 BILLION.Q2 OPERATING PROFIT (EBIT) OF SEK 214M DECREASED BY 3.6% COMPARED TO SEK 222M IN PREVIOUS YEAR DUE TO HIGHER ITEMS AFFECTING COMPARABILITY.SAYS A RE-AUDIT OF FINANCIAL STATEMENTS, TO BE INCLUDED IN SUBMISSION OF MERGER DOCUMENTATION WITH U.S. SECURITIES AND EXCHANGE COMMISSION AND SWEDISH FINANCIAL SUPERVISORY AUTHORITY, HAS BEEN COMPLETED.SAYS CERTAIN ADJUSTMENTS HAVE BEEN MADE TO PRIOR PERIODS IN 2017 AND 2018 WITH NO IMPACT ON REVENUE, OPERATING PROFIT (EBIT), CASH FLOW OR 2018 FULL YEAR GUIDANCE.SAYS TELE2 MERGER ON TRACK FOR CLOSING IN Q4 2018.SAYS REPEATS 2018 FINANCIAL GUIDANCE TO DELIVER MID-SINGLE DIGIT UNDERLYING EBITDA GROWTH.  Full Article

Tele2 Re-Audits Financial Statements To File For Com Hem Deal
Tuesday, 10 Jul 2018 

July 10 (Reuters) - Tele2 AB ::RE-AUDIT OF FINANCIAL STATEMENTS FOR US FILING OF MERGER DOCUMENT FOR COM HEM MERGER COMPLETED.DOES NOT EXPECT ADJUSTMENTS TO HAVE ANY NEGATIVE IMPACT ON ITS FULL-YEAR FINANCIAL GUIDANCE OR ITS POTENTIAL FUTURE SHAREHOLDER REMUNERATION.EXPECTS TRANSACTION WITH COM HEM TO CLOSE IN Q4 OF 2018.  Full Article

Tele2 Q1 core profit above expectations, updates financial framework after proposed Com Hem merger
Monday, 23 Apr 2018 

April 23 (Reuters) - Tele2 AB ::SAYS UPDATED FINANCIAL FRAMEWORK FOR COMBINED COMPANY, POST PROPOSED MERGER WITH COM HEM,.SAYS AIMING FOR: - NET DEBT TO EBITDA TARGET RANGE OF 2.5-3.0X.Q1 EBITDA 1,628 MILLION.SAYS AIMS FOR ORDINARY DIVIDEND OF AT LEAST 80 PERCENT OF EQUITY FREE CASH FLOW POST COM HEM MERGER.Q1 SALES 6,221 MILLION SEK.SAYS REITERATES THE FOLLOWING GUIDANCE FOR 2018 FOR CONTINUING OPERATIONS IN CONSTANT CURRENCIES.SAYS IN SWEDEN WE ARE SEEING THE FIRST SIGNS OF GRADUALLY STABILIZING B2B REVENUE.REUTERS POLL: TELE2 Q1 EBITDA WAS SEEN AT SEK 1,599 MLN, SALES AT 6,015 MLN.  Full Article

Norway Telecoms regulator plans new regulation of broadband markets
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Telenor Asa ::NORWAY TELECOMS REGULATOR: PLANS NEW REGULATION OF BROADBAND MARKETS.NORWAY TELECOMS REGULATOR: NEW REGULATION TO PREPARE GROUND FOR UPGRADE OF TELENOR'S COPPER NETWORK; ALLOW MORE FIRMS TO OFFER SIGNIFICANTLY HIGHER BROADBAND SPEED.NORWAY TELECOMS REGULATOR: TELENOR MUST STILL PROVIDE ACCESS TO ITS COPPER AND FIBER ACCESS NETWORKS ON NON-DISCRIMINATORY TERMS.  Full Article

Norway's 2.1 Ghz band should be used for mobile networks -regulator
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Norway's telecoms regulator Nkom said in a statement on Friday::RECOMMENDS TO MINISTRY OF COMMUNICATIONS THAT THE 2.1 GHZ BANDWIDTH SHOULD BE MADE AVAILABLE FOR COMMERCIAL MOBILE PHONE NETWORKS.  Full Article

Tele2 CEO says confident merger with Com Hem should be approved
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Tele2 TEL2.ST CEO Allison Kirkby to Reuters::TELE2 CEO SAYS CONFIDENT MERGER WITH COMHEM <<>> SHOULD BE APPROVED.  Full Article

Kinnevik supports proposed merger between Tele2 and Com Hem, becomes largest owner
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Kinnevik ::KINNEVIK SUPPORTS THE PROPOSED MERGER BETWEEN TELE2 AND COM HEM AND WILL BECOME THE LARGEST OWNER IN THE COMBINED COMPANY.SAYS ‍WHEN MERGER HAS BEEN COMPLETED, KINNEVIK WILL BECOME LARGEST SHAREHOLDER IN COMBINED COMPANY, HOLDING 27.3 PERCENT OF SHARES AND 41.9 PERCENT OF VOTES​.  Full Article

Tele2 and Com Hem say to merge
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Com Hem Holding Ab ::TELE2 AND COM HEM COMBINING TO CREATE LEADING INTEGRATED CONNECTIVITY PROVIDER.COM HEM HOLDING AB SAYS ‍EXPECTED TOTAL ANNUAL OPEX, CAPEX AND REVENUE SYNERGIES OF AROUND SEK 900 MILLION TO BE ACHIEVED WITHIN FIVE YEARS AND FREE CASH FLOW PER SHARE ACCRETIVE FOR TIME FROM FIRST YEAR AFTER COMPLETION​.COM HEM HOLDING AB SAYS ‍COM HEM'S SHAREHOLDERS WILL RECEIVE AS MERGER CONSIDERATION SEK 37.02 IN CASH PLUS 1.0374X B SHARES IN TELE2 FOR EACH SHARE IN COM HEM OUTSTANDING AS AT COMPLETION OF MERGER​.COM HEM HOLDING AB SAYS ‍HENCE, COM HEM'S SHAREHOLDERS WILL RECEIVE APPROXIMATELY 26.9 PERCENT ECONOMIC OWNERSHIP IN ENLARGED TELE2 AND A TOTAL CASH CONSIDERATION OF SEK 6.6 BILLION​.COM HEM HOLDING AB SAYS ‍BASED ON LATEST THIRTY TRADING DAYS VOLUME-WEIGHTED AVERAGE SHARE PRICE OF TELE2 B SHARE, OFFER VALUES COM HEM AT SEK 146.00 PER SHARE​.COM HEM HOLDING AB SAYS ‍AT COMPLETION OF MERGER, ANDERS NILSSON WILL BECOME CEO OF ENLARGED TELE2​.COM HEM HOLDING AB SAYS ‍TELE2 AND COM HEM WILL DISTRIBUTE STATED ORDINARY DIVIDENDS FOR 2017 TO THEIR RESPECTIVE SHAREHOLDERS IN AMOUNT OF SEK 4 PER SHARE FOR TELE2 SHAREHOLDERS AND SEK 6 PER SHARE FOR COM HEM SHAREHOLDERS​.COM HEM HOLDING AB SAYS ‍TELE2'S AND COM HEM'S LARGEST SHAREHOLDER3, KINNEVIK AB (PUBL) ("KINNEVIK"), HAS UNDERTAKEN TO VOTE IN FAVOR OF MERGER​.COM HEM HOLDING AB SAYS ‍TOTAL ANNUAL OPEX, CAPEX AND REVENUE SYNERGIES ESTIMATED AT AROUND SEK 900 MILLION TO BE ACHIEVED WITHIN FIVE YEARS​.  Full Article

EU mergers and takeovers (Aug 14)

BRUSSELS, Aug 14 The following are mergers under review by the European Commission and a brief guide to the EU merger process: