Tele2 to exit Finland

19 Aug 2005

The pan-European fixed line and wireless operator Tele2 has revealed that it intends to withdraw from the Finnish market. The Swedish-owned company will discontinue its operations in Finland and end all negotiations regarding its 3G licence which was revoked in June. The company says its decision is based on “the current competitive and regulatory environment”. The management of existing customers will be transferred to the telco’s Swedish office. Tele2 CEO Lars-Johan Jarnheimer commented: “Given the current market environment, we see better opportunities elsewhere. It is of course unfortunate that we need to end our operations in Finland, which began in 2000. However, we still are not able, for example, to sell local calls there.”