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Wireless

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.

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