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Tele2 Sells Norwegian Network After Losing Out in Radio Spectrum Auction

2014-07-07 09:53:23| IT Services - Topix.net

Tele2 has announced a deal to sell its Norwegian mobile network to TeliaSonera for an enterprise value of SEK 5.1 billion ( Tele2 said that the sale is the outcome of a review of its Norwegian business prompted by changes to the structure of the Norwegian market as a result of the license auction in December 2013, where Tele2 failed to secure any ... (more)

Tags: network radio auction spectrum

TeliaSonera to buy Tele2 Norway

2014-07-07 08:38:00| Telecompaper Headlines

(Telecompaper) Tele2 has agreed to exit the Norwegian market and sell its activities there to TeliaSonera for SEK 5.3 billlion cash. The decision follows Tele2's failure to win additional spectrum rights in the auction in December 2013 in Norway. Tele2 said in March it was considering strategic options, including a sale or partnership, for the Norwegian activities. The sale, which puts the enterprise value of Tele2 Norway at SEK 5.1 billion, will result in a capital gain of SEK 2 billion for Tele2. TeliaSonera will benefit from an additional 1.2 million customers, enhanced network scale and a quicker roll-out of 4G. The company committed itself to 98 percent population coverage for 4G by 2016 as part of the deal, two years ahead of its obligations.The transaction is subject to regulatory approval from the Norwegian Competition Authority, which is expected by the first quarter of 2015. Tele2 Norway had net sales in 2013 of SEK 4.1 billion and EBITDA of SEK 121 million. With the takeover, TeliaSonera's mobile market share in Norway will increase to approximately 40 percent from 23 percent, and its mobile subscriber base will grow to 2.7 million from 1.6 million. The acquisition is estimated to require integration costs of SEK 250-450 million and investments of SEK 350 million in order to handle the increased traffic. The operator also expects substantial cost synergies, estimated at at least SEK 800 million annually from 2016.

Tags: buy norway tele2 teliasonera

TeliaSonera to acquire Tele2 Norway for 548m

2014-07-07 02:00:00| Total Telecom industry news

Deal gives Sweden-based operator 40% share of Norwegian market; pledges to accelerate 4G rollout.

Tags: norway acquire tele2 teliasonera

Tele2 AB: Tele2 and NetComm Wireless announce M2M partnership

2014-07-03 09:33:41| Appliances - Topix.net

Tele2 AB , and NetComm Wireless Limited today announced that they have entered into a strategic partnership to create new Machine-to-Machine /Internet of Things opportunities for vertical markets.

Tags: wireless partnership announce tele2