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    Telecommunications Services
Tele2 AB (publ)

Tele2 AB (publ)

TEL2-B.ST
Tele2 AB (publ)SE flagStockholm Stock Exchange
164.50
SEK
+1.45
- -
112.49BMarket Cap
Tele2 AB (publ)
TEL2-B.ST
(Stockholm Stock Exchange)

Recent

price

164.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
87.72
89.01
66.64
55.75
56.13
56.48
46.87
42.69
41
39.56
38.57
38.85
40.69
42.09
42.74
43.12
42.72
Revenue per Share
15.13
10.3
7.08
31.58
4.78
6.28
-4.34
0.38
1.61
7.28
10.76
6.25
8.07
5.4
5.59
6.62
5.99
Basic EPS, GAAP
13.04
8.42
8.37
1.03
0.81
-1.06
2.64
4.99
3.27
8.88
8.81
10.11
6.76
8.61
8.38
11
11.24
Free Cash Flow per Basic Share
5.63
26.03
12.53
6.85
4.24
13.93
5.28
5.23
3.79
10.4
9
9
19.73
6.8
6.9
6.35
6.66
Dividend per Share
31.97
16.14
36.71
34.77
35.21
26.73
21.7
14.7
12.12
6.29
8.21
5.68
-5.66
-6.9
-7.99
-7.46
-11.25
Book Value per Share
32.58
11.45
10.22
14.87
17.88
10.1
11.29
15.06
-25.23
-19.4
-20.58
-20.83
-29.04
-28.64
-27.49
-23.96
-29.62
Tangible Book Value per Share
458
461
461
462
462
476
452
503
531
688
688
689
691
691
692
693
692
Basic Weighted Avg Shares
40,164
41,001
30,742
25,757
25,955
26,856
21,190
21,456
21,775
27,202
26,554
26,789
28,103
29,099
29,582
29,889
29,581
Sales/Revenue/Turnover
17.13
16.79
6.13
9.55
12.04
9.13
13.15
16.86
17.8
16.16
19.58
17.98
18.03
19.06
20.53
23.64
22.46
Operating Margin (%)
3,597
4,035
4,713
3,545
3,097
2,873
3,258
4,956
3,893
6,208
5,315
5,952
6,191
6,151
5,944
6,189
4,579
Depreciation Expense
6,926
4,744
3,264
14,590
2,211
2,986
-1,962
192
854
5,004
7,408
4,306
5,574
3,735
3,870
4,587
4,150
Net Income, GAAP
3.77
25.49
31.36
51.53
24.97
36.98
36.39
23.19
62.04
27.8
- -
8.06
11.75
18.48
19.27
19.36
19.67
Effective Tax Rate (%)
17.24
11.57
10.62
56.64
8.52
11.12
-9.26
0.89
3.92
18.4
27.9
16.07
19.83
12.84
13.08
15.35
14.03
Profit Margin (%)
-2,554
-1,669
-3,559
-1,271
-882
-4,008
-3,302
8,357
3,078
-3,282
-4,005
3,426
-1,719
-4,541
-6,051
-5,674
-8,072
Working Capital
1,716
12,633
12,814
5,698
4,593
4,329
7,778
10,574
21,769
26,208
25,743
26,799
28,563
25,443
24,421
23,172
24,852
LT Debt
28,875
21,452
20,429
21,591
22,682
17,901
18,473
17,132
36,362
34,805
32,751
31,142
23,683
22,780
22,097
22,267
19,716
Total Equity
20.43
15.47
3.7
3.69
8.03
5.45
6.32
9.63
3.15
4.84
- -
7.03
7.53
8.19
9.16
10.9
10.63
Return on Invested Capital (%)
45.86
26.08
13.53
53
10.66
14.19
-6.83
2.08
3.16
14.97
- -
13.4
19.32
16.81
18.84
22.04
22.13
Return on Capital (%)
55.56
42.98
26.79
88.43
13.67
20.6
-17.42
2.23
12.35
92.95
148.43
90.02
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
6,251
7,371
5,064
LT Borrowings
21,592
19,635
21,395
LT Finance Leases
2,829
3,136
3,457
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
692
692
694
Market Capitalization
75,597
93,821
95,722

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
7,028
7,690
6,295
Cash, Cash Equivalents & STI
191
1,741
253
Accounts Receivable, Net
2,020
1,895
2,046
Inventories
838
876
737
Total Current Liabilities
13,079
14,153
14,367
Payables & Accruals
- -
- -
- -
ST Debt
6,251
7,371
5,064
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.31%
-6.98%
0.77%
Free Cash Flow
3.3%
7.66%
31.41%
Net Income, GAAP
58%
-4.65%
18.53%
Sales/Revenue/Turnover
1.62%
2.4%
1.04%
Total Cash Common Dividend
21.27%
9.61%
-7.83%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,152
7,258
7,390
7,783
29,582
2025
7,152
7,256
8,039
- -
29,889
2026
7,246
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.2
1.38
1.6
1.4
5.59
2025
1.26
1.73
1.77
- -
6.62
2026
9.2
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
3.45
- -
3.45
6.9
2025
- -
3.2
3.15
- -
6.35
2026
- -
- -
- -
- -
- -
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Business
Tele2 AB (publ) is a telecommunications company headquartered in Stockholm, Sweden, founded in 1993. It provides mobile and fixed connectivity services, including mobile telephony, fixed broadband, fixed telephony, data network services, and content delivery through digital TV and streaming platforms. Tele2 also offers comprehensive internet of things (IoT) solutions, including managed IoT connectivity, IoT SIM cards, and connectivity management platforms. The company serves both consumer and business markets across Sweden, Lithuania, Latvia, Estonia, Germany, and other European regions, operating through segments such as Sweden Consumer and Business, and Baltic countries. Tele2’s core products encompass a range of mobile and fixed communication services, including subscriptions for mobile telephony and broadband, machine-to-machine (M2M) communication, cloud services, workplace and collaboration tools, security services, and business solutions like PBX, hosting, consultancy, and business LAN networks. It also provides advanced roaming services, eSIM delivery, subscription management, routing and termination solutions for international voice traffic, and value-added services for enterprise customer communications. Recent significant developments include the strategic partnership with Manulife Investment Management-backed GCI to form the first pan-Baltic tower company owning approximately 2,700 tower and rooftop sites across Estonia, Latvia, and Lithuania. Tele2 acts as the anchor tenant under a 20-year Master Service Agreement, ensuring long-term infrastructure access, and plans a 10-year investment program to expand network coverage in the Baltics. Additionally, Tele2 completed the sale of its stake in T-Mobile Netherlands in 2022 and has undergone network rebranding activities in cooperation with T-Mobile as Odido in some regions. The company continues expanding its next-generation mobile and fixed networks and emphasizes sustainability with significant reductions in emissions since 2019. Tele2 remains a major telecommunications operator providing integrated mobile, fixed broadband, telephony, and digital content services focused on maintaining competitive pricing and innovative solutions across its operating markets in northern and central Europe. It operates with a commitment to digital infrastructure investment supporting enhanced connectivity and service offerings to millions of customers throughout the region.