Tele2 has agreed with Kazakhtelecom on the terms of its exit from Kazakhstan
Stockholm – Tele2 AB (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) has agreed with Kazakhtelecom on the price for its equity share in the joint venture between Tele2 and Kazakhtelecom (“the JV”). The net proceeds to Tele2, after deducting the existing earn-out liability, will be USD 169 million (approximately SEK 1.6 billion). In addition Tele2 will receive full repayment of its shareholder loan amounting to KZT 80 billion (approximately SEK 2.1 billion). The transaction is expected to close at the end of June.– Tele2 has built a successful business in Kazakhstan and rolled out a national