Tele2 Russia sale to have little impact on group

Friday 29 March 2013 | 12:15 CET | Author: Tim Poulus | Background
Tele2 has agreed to sell its Russian subsidiary to the Russian bank VTB. The proceeds of the sale will be for the most part re-distributed to shareholders. Russia is Tele2's biggest market, contributing 30 percent of group sales. At the same time, Tele2 has issued new financial targets for the group after the Russian sales, whereas previously it only provided targets for key countries. Its core markets will now be Sweden, Norway, the Netherlands and Kazakhstan. A rumour has also emerged that the Croatian operations may be sold to Telenor, although there was no confirmation on this.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Mobile & Wireless
Companies: Tele2 / Tele2 Croatia / Tele2 Kazakhstan / Tele2 Netherlands / Tele2 Russia
Countries: Kazakhstan / Netherlands / Russian Federation
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Tele2 Croatia denies company for sale

Published 08 Apr 2013 11:08 CET | Croatia (Hrvatska)
Tele2 Croatia is not up for sale by its Swedish parent company. Speculation the Croatian company was up for sale increased after ...

Tele2 completes sale of Tele2 Russia to VTB Group

Published 05 Apr 2013 09:37 CET | Russian Federation
Tele2 has announced the successful completion of the sale of all of its Russian operations, Tele2 Russia, to VTB Group. Mike ...

Tele2 to share in profits if VTB sells Tele2 Russia

Published 02 Apr 2013 09:33 CET | Russian Federation
Tele2 said it will share in the profits if VTB decides to sell on Tele2 Russia to another company. The company issued a statement ...

MTS, Vimpelcom, Alfa make rival offers for Tele2 Russia

Published 28 Mar 2013 21:06 CET | Russian Federation
Russian mobile operators MTS and VimpelCom announced that they have submitted a joint letter to Tele2 chairman Mike Parton and ...

Tele2 verkoopt Rusland, impact op de groep beperkt

Published 28 Mar 2013 16:24 CET | Kazakhstan
De Tele2 Groep verkoopt zijn Russische dochter aan de Russische VTB Groep. De opbrengst wordt grotendeels uitgekeerd aan de ...

Tele2 to sell Russian operations for USD 2.4 bln

Published 28 Mar 2013 08:43 CET | Russian Federation
Tele2 has agreed to sell its mobile operations in Russia to the bank VTB for USD 2.4 billion plus USD 1.15 billion in net debt. ...

Tele2 to focus on Sweden, Russia, Netherlands, Norway

Published 04 Mar 2013 09:52 CET | Europe
Tele2 announced a change in its Leadership Team structure to enhance focus on its main markets and ensure maintained attention to ...

Tele2 Russia posts flat EBITDA, lower margin in Q4

Published 05 Feb 2013 10:41 CET | Russian Federation
Tele2 Russia reported a drop in profitability in the fourth quarter, due to costs for expanding in the Far East and winning new ...

Tele2 profits slow in Q4, sales up 4%

Published 05 Feb 2013 08:50 CET | Europe
Tele2 reported fourth-quarter sales up 4 percent from a year-earlier to SEK 11.275 billion, while EBITDA fell 7 percent to SEK ...

Calmes appointed new CEO of Tele2 Russia

Published 05 Feb 2013 08:36 CET | Russian Federation
Tele2 announced that Jere Calmes has been appointed new CEO of Tele2 Russia, effective from 11 February. Calmes has a strong ...

Tele2 Russia extends population coverage by 1.8 mln in 2012

Published 04 Feb 2013 16:34 CET | Russian Federation
Mobile operator Tele2 Russia reported that it covered an additional area comprising 1.8 million residents with its network in ...

Calendar   /   Industry Events

18 Oct Apple Event
19 Oct America Movil Q3 2021
19 Oct Ericsson Q3 2021
19 Oct Tele2 Q3 2021
19 Oct A1 Telekom Austria Q3 2021
19 Oct Iridium Q3 2021
19 Oct Netflix Q3 2021
19 Oct Pixel Fall Launch
19 Oct Arm DevSummit
20 Oct Verizon Q3 2021
20 Oct Crown Castle Q3
20 Oct Elisa Q3 results
20 Oct Bango strategy day
20 Oct Samsung Unpacked Part 2
21 Oct Telia Q3 results
21 Oct Snap Q3
21 Oct AT&T Q3 2021
21 Oct Orange Belgium Q3 2021
21 Oct Intel Q3
21 Oct Telenor Q3 2021
21 Oct Digi Q3 2021
21 Oct Grameenphone Q3 2021
22 Oct Doro Q3 results
25 Oct Facebook Q3
25 Oct Dtac Q3 2021
25 Oct Calix Q3 2021
::: More Calendar Items