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Tele2 AB ( ($SE:TEL2.B) ) has provided an update.
Tele2 AB has announced a strategic partnership with Manulife IM-backed Global Communications Infrastructure LLC to form the first pan-Baltic tower company. This venture, valued at EUR 560 million, aims to enhance Tele2’s mobile telecom infrastructure and support the growth of mobile and 5G services across Estonia, Latvia, and Lithuania. The new company will own approximately 2,700 tower and rooftop sites, with Tele2 as the anchor tenant under a 20-year Master Service Agreement. The partnership includes a 10-year investment plan to expand network coverage in the Baltics, although it is expected to impact Tele2’s EBITDAaL negatively by EUR 35 million in 2026.
The most recent analyst rating on ($SE:TEL2.B) stock is a Buy with a SEK130.00 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 is a leading telecommunications company focused on enabling a society of unlimited possibilities through its diverse range of services, including mobile and fixed connectivity, telephony, data network services, TV, streaming, and global IoT solutions. Founded in 1993 and listed on Nasdaq Stockholm, Tele2 is committed to making its infrastructure more powerful, reliable, and sustainable.
Average Trading Volume: 1,682,480
Technical Sentiment Signal: Buy
Current Market Cap: SEK105.7B
For detailed information about TEL2.B stock, go to TipRanks’ Stock Analysis page.