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Tele2 AB (TEL2b.ST)

TEL2b.ST on Stockholm Stock Exchange

105.00SEK
15 Dec 2017
Change (% chg)

1.70kr (+1.65%)
Prev Close
103.30kr
Open
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109.60kr
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104.30kr
Volume
5,983,584
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110.60kr
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71.65kr

Latest Key Developments (Source: Significant Developments)

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

Tele2 Q3 EBITDA tops expecations, lifts 2017 profit forecast
Thursday, 19 Oct 2017 

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

Hutchison Drei Austria gets clearance to buy Tele2's Austrian operations
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - Tele2 AB :Hutchison Drei Austria GmbH receives clearance to buy Tele2's Austrian operations.Says ‍transaction is expected to close by end of month.Tele2 says will receive a consideration of EUR 85 million at closing and up to EUR 10 million in the form of an earn-out to be paid over 12-24 months depending on the success of the integration process​.  Full Article

Tele2 says wins regulatory approval for its TDC acquisition
Friday, 7 Oct 2016 

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 

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 

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

Nokia wins order from Tele2
Monday, 25 Jul 2016 

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 

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

BRIEF-Tele2 proposes Georgi Ganev as new chairman

* TELE2: THE NOMINATION COMMITTEE PROPOSES THE ELECTION OF GEORGI GANEV AS NEW CHAIRMAN OF THE BOARD Source text for Eikon: Further company coverage: (Reporting By Anna Ringstrom)