Tele2 and GCI Launch First Pan-Baltic Tower Company in Asset-Light Shift

Tele2 AB ( ($SE:TEL2.B) ) has issued an announcement.

Tele2 AB has completed the separation of its telecom infrastructure assets to form Baltic Tower Company UAB with Global Communications Infrastructure, creating the first pan-Baltic tower operator. Based in Lithuania, the new entity will own around 2,700 tower and rooftop sites across Estonia, Latvia and Lithuania, with Tele2 as anchor tenant under a 20-year master service agreement to secure long-term access to critical infrastructure.

The partners have agreed a 10-year investment plan to build additional sites, supporting 5G rollout and improved network coverage across the Baltics. For Tele2, the transaction unlocks approximately EUR 430 million in net cash proceeds but is expected to reduce underlying EBITDAaL by about EUR 35 million over the next 12 months, reflecting a shift toward an asset-light model with potential long-term strategic benefits for network expansion and capital efficiency.

The most recent analyst rating on ($SE:TEL2.B) stock is a Buy with a SEK212.00 price target. To see the full list of analyst forecasts on Tele2 AB stock, see the SE:TEL2.B Stock Forecast page.

More about Tele2 AB

Tele2 AB is a Nordic and Baltic telecommunications operator with a strong challenger profile, providing mobile and fixed connectivity, TV and streaming, and IoT services to consumers and businesses across the region. Listed on Nasdaq Stockholm, the group generated SEK 29.9 billion in revenue in 2025 and focuses on delivering simpler, smarter and more cost-efficient connectivity solutions.

Average Trading Volume: 1,777,465

Technical Sentiment Signal: Buy

Current Market Cap: SEK131.5B

Learn more about TEL2.B stock on TipRanks’ Stock Analysis page.