Tele2 divests its Croatian business
Stockholm – Tele2 AB (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) has agreed to sell its Croatian business to United Group for an enterprise value of EUR 220 million (today approximately SEK 2,340 million). The transaction provides an opportunity for Tele2 to realize value from the successful development of the Croatian business and to further advance its strategy with a focus on the Baltic Sea region. Closing is expected before the end of 2019 and is subject to regulatory approval.Tele2 has entered into an agreement to sell Tele2 Croatia to United Group, a leading telecoms and media