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Tele2 AB ( ($SE:TEL2.B) ) just unveiled an update.
Tele2 reported a solid start to 2026, with end‑user service revenue up 3% organically to SEK 5.5 billion and total revenue rising 3% to SEK 7.2 billion, driven by growth across all operations. Underlying EBITDAaL increased 11% organically to SEK 2.9 billion on strict cost control, while the Sweden Business segment benefited from strong IoT demand and the Baltics continued to perform strongly.
Net profit jumped to SEK 6.4 billion from SEK 875 million a year earlier, largely due to a SEK 5.1 billion capital gain from the creation of a pan‑Baltic tower company. The completed Baltic tower transaction delivered SEK 4.7 billion in cash proceeds, strengthened equity free cash flow to SEK 2.2 billion in the quarter, lowered economic net debt to 1.5x underlying EBITDAaL, and supports continued 5G rollout as Tele2 reiterated its full‑year 2026 guidance.
The most recent analyst rating on ($SE:TEL2.B) stock is a Hold with a SEK195.00 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 telecommunications operator providing mobile, fixed broadband and related connectivity services, with a strong presence in Sweden and the Baltic region. The company focuses on end‑user services for consumers and businesses, including fast-growing areas such as IoT and 5G, and continues to expand its retail footprint and digital capabilities.
Average Trading Volume: 1,870,598
Technical Sentiment Signal: Buy
Current Market Cap: SEK130.4B
For an in-depth examination of TEL2.B stock, go to TipRanks’ Overview page.