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Tele2 not looking to sell Comviq after all

26 Mar 2007

Tele2 CEO Lars-Johan Jarnheimer has stated that the Swedish mobile unit, branded Comviq, is an ‘essential’ part of Tele2’s strategy, and that the company is no longer looking to sell the operator, according to local newspaper Dagens Industri. Jarnheimer said it is ‘probably correct’ that Tele2 is focusing on broadband and mobile telephony, and that it is not a priority to sell any core Swedish operations. Dagens Industri reported that the CEO had previously declared he would take an offer of SEK25 billion (USD3.6 billion) for Comviq to his board. Jarnheimer went on to say, however, that the goal of continuing to sell off unprofitable European operations remains intact. ‘Hopefully we should be able to see something by the end of this quarter,’ he said.

Sweden, Tele2, Tele2 Sweden

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