Tele2 AB sells Tele2 Austria to Hutchison Drei Austria GmbH for EUR 95 million
Stockholm – Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) has agreed to sell its Austrian business ‘Tele2 Austria’ to Hutchison Drei Austria GmbH (Three Austria) for an Enterprise Value of EUR 95 million. The transaction provides an opportunity for Tele2 to realise value from a combination with Three Austria, and better position the business to meet future customer needs in the Austrian market.Tele2 is pleased to be selling their Austrian operations to Three Austria, who are committed to growing the business and creating value for its customers going forward. The transaction