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Tele2 agrees to sell German operations to management for up to EUR 23 mln

Friday 4 December 2020 | 09:27 CET | News
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Tele2 AB said it has agreed to sell its German business to the Tele2 Germany management for an enterprise value of up to EUR 22.8 million, as it continues its long-term strategy of consolidating its geographical footprint. The final sum depends on its financial performance by the end of 2024. After a thorough M&A process with a large number of potential buyers, Tele2 concluded that selling Tele2 Germany to the local management is the most value-accretive alternative.

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Categories: Mobile & Wireless
Companies: Tele2 / Tele2 Germany
Countries: Germany
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