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TeliaSonera wins clearance for takeover of Tele2 Norway

2015-02-05 09:04:00| Telecompaper Headlines

(Telecompaper) Norwegian authorities have approved new conditions for Tele2 to sell its mobile activities in the country to TeliaSonera. The competition authority vetoed the deal in December, and the operators proposed new remedies. Under the new deal, the customer base of Network Norway will be sold to the operator ICE. Network Norway is part of Tele2 and has around 90,000 business customers. TeliaSonera also agreed to provide ICE with national roaming. The total price for TeliaSonera to acquire the remaining assets drops to SEK 4.5 billion from SEK 5.1 billion. However, TeliaSonera said it does not see any change in the expected synergies from the deal, which it estimates at SEK 800 million by the second half of 2016. TeliaSonera also committed to providing 4G services to 98 percent of the population by next year, two years ahead of its licence terms. By this summer already, 90 percent of the country will have access to 4G. Tele2 said it expects to complete the sale within two weeks. Tele2 will book a one-time gain of SEK 1.8 billion from the transaction. It will use the proceeds from the sale to pay an extraordinary dividend of SEK 4.5 billion.

Tags: norway clearance wins takeover

 

Norway clears TeliaSoneras Tele2 buy

2015-02-05 01:00:00| Total Telecom industry news

Approval is subject to a package of concessions.

Tags: buy norway clears tele2

 
 

Tele2 forecasts stable results in 2015

2015-01-30 09:49:00| Telecompaper Headlines

(Telecompaper) Tele2 forecast stable results in 2015. After a 1 percent rise in revenues last year to SEK 25.96 billion, the operator forecast revenues of SEK 25.5-26.5 billion in 2015. Mobile service revenue is expected to grow in mid-single digits, compared to a 7 percent increase in 2014. Adjusted EBITDA is estimated at SEK 5.8-6.0 billion in 2015, little changed compared to SEK 5.926 billion in 2014, when the result was up 1 percent. Capital expenditure will increase to SEK 3.8-4.0 billion this year from SEK 3.5 billion in 2014. Tele2 said it will also invest SEK 200 million in 'The Challenger Program', an amount excluded from its outlook. The three-year programme is expected to provide SEK 1 billion in benefits and require the same amount in total investments. Tele2 took SEK 10 million of the costs already in Q4 2014. The company said it will focus on the continued expansion of its 4G mobile services this year, building on its success in Sweden with expansion in the Netherlands and Baltics. The sale of Tele2 Norway is expected to receive regulatory approval in Q1. Tele2 also increased its dividend for the year to SEK 4.85 per share from SEK 4.40 in 2013.

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Tele2 Partnering with Aerea, the Netherlandsa Exclusive SIGFOX Network Operator

2015-01-23 07:43:08| Appliances - Topix.net

Tele2 AB, , and the Dutch company Aerea today announced that they are entering into a Machine-to-Machine/Internet of Things partnership in the Netherlands, thereby broadening their connectivity portfolios. The partnership enables IoT services to also be provided over the low-cost, energy-efficient SIGFOX global network, which complements 2G/3G and 4G solutions.

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Swiss operator Tele2 signs deal with a Dutch Sigfox IoT network

2015-01-22 18:01:42| Wireless - Topix.net

Tele2, a Swedish cellular carrier has signed a partnership with Aerea , a Dutch company that operates a special ultra-efficient wireless network for the internet of things using technology from Sigfox . The partnership will let Tele2 customers use the Aerea network for IoT devices, which should lower the cost of providing connectivity for those devices in the Netherlands.

Tags: network deal signs dutch

 

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