The Tele2 Board withdraws its proposal regarding extraordinary dividend
Stockholm – The Board of Directors of Tele2 (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) withdraws the proposed extraordinary dividend of SEK 3.50 per share until there is more visibility on the impact of the global pandemic. The Board’s proposal of an ordinary dividend of SEK 5.50 per share to the 2020 Annual General Meeting remains unchanged.While Tele2 has a strong balance sheet and a resilient business model which is cash generative even in volatile times, the global pandemic creates uncertainty. The Board believes that it is prudent to maintain a financial buffer until there is more