Tele2 Lithuania divests it's cable operation to VDNET for approximately SEK 40 million
(Thomson Reuters ONE) -
Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today
announced that it has sold its Lithuania cable operation to VDNET. VDNET will
pay approximately SEK 40 million on a debt and cash free basis. Completion is
expected following approval from the competition authority.
Niklas Sonkin, Market Area Director Central Europe & Eurasia, comments: "Tele2
continuously evaluates its business plans in every region it operates to make
sure that maximum value is being created for its shareholders. Our Lithuanian
cable operation has made good progression over the years. However, as
competition increases and as there is a need for market consolidation, we have
decided to sell to VDNET. This will enable Tele2 to focus even harder on its
mobile operation with expectations of higher returns."
At the end of September 2010, Tele2 Lithuania's cable operation had 10,700 fixed
broadband customers and 33,000 TV customers. Tele2 Lithuania's cable operation
affected Tele2's operating revenue in the first nine months of 2010 by SEK 18
million and Q3 2010 by SEK 6 million. EBITDA was affected in the first nine
months of 2010 by SEK 4 million and in Q3 2010 by SEK 1 million. The transaction
will result in a negative one-off item of approximately SEK 0.2 million.
Contacts
Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79
Pernilla Oldmark, Press Inquiries, Telephone: +46 704 26 45 45
TELE2 IS ONE OF EUROPE'S LEADING TELECOM OPERATORS, ALWAYS PROVIDING THE BEST
DEAL. We have 30 million customers in 11 countries. Tele2 offers mobile
services, fixed broadband and telephony, data network services, cable TV and
content services. Ever since Jan Stenbeck founded the company in 1993, it has
been a tough challenger to the former government monopolies and other
established providers. Tele2 has been listed on the NASDAQ OMX Stockholm since
1996. In 2009, we had net sales of SEK 39.5 billion and reported an operating
profit (EBITDA) of SEK 9.4 billion.
Press release:
http://hugin.info/133413/R/1472550/409173.pdf
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Source: Tele2 AB via Thomson Reuters ONE
[HUG#1472550]
Datum: 15.12.2010 - 08:00 Uhr
Sprache: Deutsch
News-ID 49711
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Town:
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Kategorie:
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