Business Services Industry
Tele2 AB completes divestment of Tele2 Switzerland
Nordic Business Report, Nov 21, 2008
NORDIC BUSINESS REPORT-21 November 2008-Tele2 AB completes divestment of Tele2 Switzerland(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
Swedish telecomms operator Tele2 AB (OMX:TEL2 A) (OMX:TEL2 B) said on Friday (21 November) that it has completed the divestment of Tele2 Switzerland to TDC Sunrise.
The completion followed clearance from the Swiss Competition Commission, the company added.
The subsidiary was divested for approximately SEK300m in cash.
Tele2, headquartered in Stockholm, Sweden, is a pan-European operator with more than 30m customers in 22 countries. The group reported operating revenue of SEK43.4bn in 2007.
One British pound (GBP) is worth approximately 12.18 Swedish kronor (SEK).
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