Tele2 AB

TEL2 B

Equity

ISIN SE0005190238 / Valor 21358576

NASDAQ Nordic Exchange Stockholm, Equities (2026-01-16)

SEK 155.60-0.32%

Tele2 AB
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About company

Tele2 AB is a telecommunications company with a significant presence in the Nordic and Baltic regions, aiming to lead in these markets through its comprehensive portfolio of fixed and mobile network services. The company, known for its strong brand and commitment to innovation, primarily operates in Sweden—its largest market—as well as in Estonia, Latvia, and Lithuania. Tele2 AB focuses on delivering a superior customer experience by offering a range of telephony and broadband services, underpinned by its investments in 5G and network capabilities to ensure faster and more reliable connectivity. The company also emphasizes operational efficiency and digital transformation in its business processes to enhance service delivery and maintain competitive shareholder returns. With a strategic approach to market segmentation and a commitment to leveraging technology to meet customer needs, Tele2 AB aims to sustain growth and remain a key player in the telecommunications industry.

Summarized from source with an LLMView SourceSector: Telecommunications

Key financials

Q3 2025 end‑user service revenue SEK 5,602m (+2% organic); total revenue SEK 7,442m (+1% organic). Underlying EBITDAaL SEK 3,115m (+11% organic). Net profit (total) SEK 1,290m and EPS SEK 1.86. Equity free cash flow Q3 SEK 1,777m (rolling 12‑month EFCF SEK 6,226m).

Profitability drivers

Underlying EBITDAaL growth was driven by sharp cost control and end‑user revenue growth in the Baltics and Sweden Business. Q3 included SEK -130m of items affecting comparability (mainly redundancy costs).

Cash flow & capex

Capex excluding spectrum and leases in Q3 was SEK 643m (down from SEK 851m a year ago); capex-to-sales (excl. spectrum & leases) ~9% in the quarter. Equity free cash flow strong at SEK 1,777m for Q3 and SEK 6.2bn rolling 12 months.

Balance sheet & leverage

Economic net debt SEK 22.9bn; economic net debt to underlying EBITDAaL 2.0x (below the 2.5–3.0x target range). Net debt (incl. leases) SEK 27.7bn. Management notes pro‑forma leverage would be ~2.2x after second dividend tranche.

Segments — Sweden

Sweden end‑user service revenue SEK 4,306m (+1%); underlying EBITDAaL SEK 2,270m (+8%). 5G rollout milestone: 5G now reaches 99.9% of the population and ~90% of landmass, with OpenSignal recognition for 5G video experience.

Segments — Baltics

Baltics end‑user service revenue SEK 1,296m (+7% local currency), with strong underlying EBITDAaL growth (notably Estonia +53% uEBITDAaL in Q3). Growth supported by ASPU increases (price adjustments and upselling).

Strategic moves

Tele2 agreed to carve out Baltic tower assets into a pan‑Baltic TowerCo and to partner 50/50 with GCI (Manulife IM‑backed). TowerCo valued at EUR 560m (debt‑free); expected cash proceeds to Tele2 ~EUR 440m, subject to approvals and closing in early 2026.

Guidance & capital allocation

Updated 2025 guidance: low single‑digit organic growth in end‑user service revenue; slightly above 10% organic growth in underlying EBITDAaL; capex to sales (excl. spectrum & leases) reduced to around 12% (previous ~13%). AGM approved ordinary dividend SEK 6.35 per share paid in two tranches (20 May and 15 Oct 2025).

Summarized from source with an LLMView Source

Key figures

39.9%1Y

64.4%3Y

33.9%5Y

Performance

21.1%1Y

21.6%3Y

22.8%5Y

Volatility