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Tele2 AB (TEL2b.ST)

TEL2b.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tele2 and Nokia signs strategic partnership deal for IoT services
Monday, 19 Feb 2018 

Feb 19 (Reuters) - Tele2 AB ::TELE2 IOT AND NOKIA EMPOWER ENTERPRISES WITH NEW MODEL FOR GLOBAL IOT DEPLOYMENTS.SAYS ‍TELE2 AB AND NOKIA (PUBL) HAVE SIGNED A STRATEGIC PARTNERSHIP AGREEMENT TO OFFER A GLOBAL INTERNET OF THINGS (IOT) CONNECTIVITY SOLUTION FOR ENTERPRISES.THE COMPANIES ARE ENTERING A STRATEGIC AND BILATERAL PARTNERSHIP CENTERED AROUND GROUNDBREAKING TECHNOLOGIES FROM BOTH COMPANIES, SUCH AS NOKIA’S WORLDWIDE IOT NETWORK GRID (WING) AND SIM TECHNOLOGIES FROM TELE2 IOT​.  Full Article

Tele2 Q4 operating profit matches forecasts
Friday, 2 Feb 2018 

Feb 2 (Reuters) - Tele2 ::NET SALES FOR Q4 AMOUNTED TO SEK 6,642 (6,340) MILLION AND EBITDA AMOUNTED TO SEK 1,527 (1,461) MILLION​.SAYS ‍FULL YEAR GUIDANCE EXCEEDED ON BOTH EBITDA AND OPERATING CASH FLOW​.SAYS ‍FULL YEAR FREE CASH FLOW FROM TOTAL OPERATIONS OF SEK 2.5 BILLION, FULLY COVERING DIVIDEND PROPOSED BY BOARD OF DIRECTORS OF SEK 4.00 PER SHARE FOR FINANCIAL YEAR 2017​.TELE2 SEES 2018 MOBILE END-USER SERVICE REVENUE GROWTH OF MID-SINGLE DIGITS‍​.SAYS ‍EBITDA GROWTH OF 7 PERCENT IN SWEDEN AND BALTICS TOGETHER, LIKE-FOR-LIKE​.TELE2 SEES 2018 EBITDA BETWEEN SEK 6.5 AND 6.8 BILLION.TELE2 SEES 2018 CAPEX BETWEEN SEK 2.1 AND 2.4 BILLION (EXCLUDING SPECTRUM INVESTMENTS).REUTERS POLL: TELE2 Q4 EBITDA WAS SEEN AT SEK 1,516 MILLION, SALES AT 6,461 MILLION.SAYS INTEGRATION OF TDC IS PROGRESSING WELL AND WE ARE APPROACHING OUR TARGET RUN-RATE BENEFITS OF AROUND SEK 300 MILLION, ORIGINALLY OUR FOUR-YEAR TARGET, ONLY ONE YEAR AFTER THE ACQUISITION.IN 2018 WE WILL THEREFORE LOOK FOR FURTHER OPPORTUNITIES BEYOND OUR EARLIER TARGET LEVEL, AND WE BELIEVE THIS IS ACHIEVABLE WITH A LOWER INTEGRATION COST THAN THE SEK 750 MILLION PREVIOUSLY COMMUNICATED.  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

Tele2 proposes Georgi Ganev as new chairman
Saturday, 16 Dec 2017 

Dec 16 (Reuters) - Tele2 Ab ::TELE2: THE NOMINATION COMMITTEE PROPOSES THE ELECTION OF GEORGI GANEV AS NEW CHAIRMAN OF THE BOARD.  Full Article

Tele2 CEO says confident Dutch deal should be approved
Friday, 15 Dec 2017 

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
Friday, 15 Dec 2017 

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

EU mergers and takeovers (May 14)

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