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

Expert Corporate Governance Service (ECGS)

Tele2 - EGM 22 August 2019

Under ITEM 7, the board of directors seeks approval to distribute an extraordinary dividend of SEK 6.00 per share. Although the proposed extraordinary dividend is covered by the proceeds of the divestment of Tele2’s equity stake in Kazakhtelecom (approx. SEK 1.6 billion), the repayment of the shareholder loan (SEK 2.1 billion) and the merger of the Company’s Dutch operations (SEK 1.9 billion), ECGS has general concerns over Tele2’s profit distribution and dividend policy. ECGS notes that dividends have been uncovered by EPS and/or FCF for five of the past 6 years. In addition, the Company has ...

Ng Adrian

Tele2

Neil Macker

Tele2 Reports Mixed 2Q; Com Hem Acquisition Continues to Provide Cost-Cutting Synergies

Tele2 posted mixed second-quarter results as revenue came slightly below consensus and EBITDA slightly exceeded the Street’s expectation. Tele2 reported a 2% drop in revenue on a pro forma basis, as if the Com Hem acquisition occurred at the beginning of 2018. The firm also proposed an extraordinary dividend of SEK 6 per share to distribute the proceeds from the sale of the Croatian and Netherlands segments. We don’t anticipate any significant changes to our SEK 112 fair value estimate. We conti...

Neil Macker

Morningstar | Tele2 Is Even Further Leveraged To Sweden with the Sale of its Kazakh Operations

Tele2 has transitioned from 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.The firm's home base is Sweden, where it is the number-two o...

Neil Macker

Tele2 Is Even Further Leveraged To Sweden with the Sale of its Kazakh Operations

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

Neil Macker

Tele2 Reports Mixed 2Q; Com Hem Acquisition Continues to Provide Cost-Cutting Synergies

Tele2 posted mixed second-quarter results as revenue came slightly below consensus and EBITDA slightly exceeded the Street’s expectation. Tele2 reported a 2% drop in revenue on a pro forma basis, as if the Com Hem acquisition occurred at the beginning of 2018. The firm also proposed an extraordinary dividend of SEK 6 per share to distribute the proceeds from the sale of the Croatian and Netherlands segments. We don’t anticipate any significant changes to our SEK 112 fair value estimate. We conti...

Neil Macker

Morningstar | Tele2 Is Even Further Leveraged To Sweden with the Sale of its Kazakh Operations

Tele2 has transitioned from 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.The firm's home base is Sweden, where it is the number-two o...

Neil Macker

Tele2 Is Even Further Leveraged To Sweden with the Sale of its Kazakh Operations

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 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....

2 directors sold/bought

Two Directors at Tele2 Ab sold/bought 14,397 shares at between 128.300SEK and 131.050SEK. The significance rating of the trade was 55/100. 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 ru...

Ng Adrian

Tele2

Ng Adrian

Tele2

Ng Adrian

Tele2

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

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Expert Corporate Governance Service (ECGS)

Tele2 - EGM 22 August 2019

Under ITEM 7, the board of directors seeks approval to distribute an extraordinary dividend of SEK 6.00 per share. Although the proposed extraordinary dividend is covered by the proceeds of the divestment of Tele2’s equity stake in Kazakhtelecom (approx. SEK 1.6 billion), the repayment of the shareholder loan (SEK 2.1 billion) and the merger of the Company’s Dutch operations (SEK 1.9 billion), ECGS has general concerns over Tele2’s profit distribution and dividend policy. ECGS notes that dividends have been uncovered by EPS and/or FCF for five of the past 6 years. In addition, the Company has ...

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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