Tele2 AB Cl B

Tele2 is engaged as a telecom operator. Co. provides mobile communication services, fixed broadband and telephony, data network services and content services. The mobile service comprises various types of subscriptions for residential and business customers as well as prepaid cards. Fixed broadband includes direct access, which is its own services based on access via copper cable and other forms of access, such as fibre networks, wireless broadband and metropolitan area networks. Fixed telephony includes resold products within fixed telephony. The product portfolio within resold fixed telephony consists of prefix telephony, pre-selection (dial the number without a prefix) and subscriptions.
  • TickerTEL2 B
  • ISINSE0005190238
  • ExchangeNasdaq Nordic Stockholm
  • SectorMobile Telecommunications
  • CountrySweden

Analysts

1 director bought

A director at Tele2 Ab bought 4,500 shares at 128.562SEK and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board mem...

Allan C. Nichols

Morningstar | Tele2 Under Review

We are placing our fair value estimate for Tele2 under review. We will publish an updated report and valuation by June 15.

Allan C. Nichols

Tele2 Under Review

We are placing our fair value estimate for Tele2 under review. We will publish an updated report and valuation by June 15....

Allan C. Nichols

Morningstar | Tele2 Reports Flat 1Q Revenue Growth, Though Better EBITDA Margins; Shares Still Overvalued

Tele2 reported first-quarter results, with stronger EBITDA margin improvement than we expected as the benefits of last year’s acquisition of Swedish cable operator Com Hem appear to be accruing faster than we anticipated. Tele2 reported revenue was flat on a pro forma basis, as if the Com Hem acquisition occurred at the beginning of 2018. We model actual results, which puts our revenue growth estimate at 24.5%, generating 2019 revenue in line with 2018’s pro forma result. While we expect to increase our estimate for 2019 EBITDA margin, we don’t expect to raise our long-term projection and don’...

Expert Corporate Governance Service (ECGS)

Tele2 - AGM 06 May 2015

In general, Tele2 is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 11, the board of directors proposes to distribute a dividend of SEK 4.40 per share for the FY 2018. ECGS notes that the (proposed) dividend is not covered by EPS and/or FCF for the fifth time over the past 6 years. Although Tele2 currently has the capacity to pay the dividend proposed, multiple consecutive uncovered dividend payments could be unsustainable. ECGS therefore recommends to vote OPPOSE. Under ITEMS 15a-15g, the (re-)election of the ...

Allan C. Nichols

Morningstar | Tele2 Under Review

We are placing our fair value estimate for Tele2 under review. We will publish an updated report and valuation by June 15.

Allan C. Nichols

Tele2 Under Review

We are placing our fair value estimate for Tele2 under review. We will publish an updated report and valuation by June 15....

Allan C. Nichols

Morningstar | Tele2 Reports Flat 1Q Revenue Growth, Though Better EBITDA Margins; Shares Still Overvalued

Tele2 reported first-quarter results, with stronger EBITDA margin improvement than we expected as the benefits of last year’s acquisition of Swedish cable operator Com Hem appear to be accruing faster than we anticipated. Tele2 reported revenue was flat on a pro forma basis, as if the Com Hem acquisition occurred at the beginning of 2018. We model actual results, which puts our revenue growth estimate at 24.5%, generating 2019 revenue in line with 2018’s pro forma result. While we expect to increase our estimate for 2019 EBITDA margin, we don’t expect to raise our long-term projection and don’...

Allan C. Nichols

Morningstar | Tele2 Closes Sale of Dutch Operations and Puts Kazakh Business to Joint Venture Partner

Tele2's strategy has been to move from operating as a mobile virtual network operator, or MVNO, to a full wireless operator. With its acquisition of Com Hem, the largest cable TV operator in Sweden, it is moving into the converged world of bundles of fixed-line and wireless telephony along with broadband and pay TV that we have long been a proponent of in Europe. We like these shifts in strategy. We are also pleased the firm successfully merged its Dutch operation with Deutsch Telekom’s Dutch operation, which leaves Tele2 owning 25% of the combined business. We were disappointed with the price...

Allan C. Nichols

Tele2 Closes Sale of Dutch Operations and Puts Kazakh Business to Joint Venture Partner

Tele2 reported 2018 results that were a bit ahead of our expectations, but management’s guidance was mixed with relatively weak revenue expectations partially offset by higher planned cost savings from its acquisition of Com Hem. We don’t expect any significant change to our SEK 91 per share fair value estimate and continue to believe the company has no moat and that the stock is overvalued. Tele2 sold its Dutch operations on Jan. 2, 2019 and has exercised its right to sell its operation in Kaza...

1 director bought

A director at Tele2 Ab bought 4,500 shares at 128.562SEK and the significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board mem...

For TELE2 AB, the environment deterioration entails a downgrade to Neutral

TELE2 AB (SE), a company active in the Integrated Telecommunications industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 3 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date April 12, 2019, the closing price was SEK 125.15 and its expected value was estimated at SEK 123.32.

Ng Adrian

Tele2

Ng Adrian

Tele2

Ng Adrian

Tele2

Ng Adrian

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Expert Corporate Governance Service (ECGS)

Tele2 - AGM 06 May 2015

In general, Tele2 is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 11, the board of directors proposes to distribute a dividend of SEK 4.40 per share for the FY 2018. ECGS notes that the (proposed) dividend is not covered by EPS and/or FCF for the fifth time over the past 6 years. Although Tele2 currently has the capacity to pay the dividend proposed, multiple consecutive uncovered dividend payments could be unsustainable. ECGS therefore recommends to vote OPPOSE. Under ITEMS 15a-15g, the (re-)election of the ...

Tele2 AB – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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