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Tele2 AB (TEL2b.ST)

TEL2b.ST on Stockholm Stock Exchange

99.16SEK
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

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

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

BRIEF-Tele2 and Nokia signs strategic partnership deal for IoT services

* TELE2 IOT AND NOKIA EMPOWER ENTERPRISES WITH NEW MODEL FOR GLOBAL IOT DEPLOYMENTS