Tele2 completes TDC Sweden acquisition

Jason McGee-Abe
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Tele2 has successfully completed the acquisition of TDC Sweden for SEK 2.9bn on cash and debt free basis

The Stockholm-based operator had announced earlier in the year that it was buying the Swedish operations of TDC for 2.9 billion kronor, the equivalent of €311 million.

"With the sale to Tele2, we have found a good long-term owner who stands to achieve considerable synergies and will therefore be able to invest in further developing the business,” Pernille Erenbjerg, TDC’s group CEO and president, said in June.

Allison Kirkby, president and CEO of Tele2, added: "This deal is a unique opportunity for Tele2 to build scale and expand its range of services in the B2B market. It is hugely complementary to our existing Swedish business, and it allows us to meet the global trend of large B2B customers demanding a wider range of communication and network services."

The move leaves Danish incumbent TDC with just two markets, Denmark and Norway. GTB