TELE2 INCREASES ITS OWNERSHIP IN FIVE OF ITS RUSSIAN MOBILE OPERATIONS
New York and Stockholm - Tele2 AB, ("Tele2"), (Nasdaq Stock Market: TLTOA and TLTOB and Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announced that it has increased its stakes in five of its Russian mobile operations.
The change in Tele2's ownership of these companies is as follows:
"Sankt-Peterburg Telecom" (St. Petersburg license area) - to 86.0% from 61.0% "Oblcom" (Leningrad region license area) - to 97.2 % from 61.0% "Rostov cellular communications" - to 87.5 % from 75.0% "Cellular communications of Udmurtia" (City of Izhevsk) - to 77.5 % from 55.0% "Chelyabinsk cellular communications" - to 100.0 % from 51.0%
Lars-Johan Jarnheimer, CEO of Tele2 said; "This clearly demonstrates our confidence in the potential of these businesses and in the outlook for the fast growing Russian mobile market. We have already launched GSM services in three of these areas this year - St. Petersburg, Rostov and Izhevsk."
Tele2 AB, formed in 1993, is the leading alternative pan-European telecommunications company offering fixed and mobile telephony, data network and Internet services under the brands Tele2, Tango and Comviq to over 20 million people in 23 countries. Tele2 operates Datametrix, which specializes in systems integration, 3C Communications, providing integrated credit card processing, web payment solutions and public payphones; Transac, providing billing and transaction processing service; C³, offering co-branded pre-paid calling cards and Optimal Telecom, the price-guaranteed residential router device. The Group offers cable television services and, together with MTG, owns the Internet portal Everyday.com. The Company is listed on the Stockholmsbörsen, under TEL2A and TEL2B, and on the Nasdaq Stock Market under TLTOA and TLTOB.
TELE2’S MISSION IS TO FEARLESSLY LIBERATE PEOPLE TO LIVE A MORE CONNECTED LIFE. We constantly strive to be the truly integrated challenger – providing speed, data and video content, no matter where or when. Ever since Tele2 was founded in 1993, we have continued to challenge prevailing norms and dusty monopolies. Today, our award winning networks enable mobile and fixed connectivity, telephony, data network services, TV, streaming and global IoT solutions for millions of customers. We drive growth through customer satisfaction and smart combined offerings. Tele2 has been listed on Nasdaq Stockholm since 1996. In 2018, Tele2 generated revenue of SEK 30 billion and reported an adjusted EBITDA of SEK 9 billion. For latest news and definitions of measures, please see our homepage www.tele2.com