Tele2 owner denies sale rumour

27 Jun 2014

Swedish investment firm Kinnevik, the largest shareholder of Stockholm-based telecoms group Tele2 with 48% voting rights (30.4% equity), has solidly rebuked rumours that it is trying to sell the operator to potential buyers including Hutchison Whampoa, parent of 3 Sweden. As reported on the MobileWorldLive site, Kinnevik’s CEO Lorenzo Grabau responded to suggestions his firm was angling to exit Tele2 by saying: ‘Absolutely not. Tele2 is well positioned and has strong brands in its markets.’

On other matters, Grabau said that Tele2 continues to study ‘alternative’ options for its Norwegian subsidiary which recently failed to win any LTE spectrum in that country’s 4G auction.

Sweden, Tele2, Tele2 Sweden (incl. Com Hem), Tre Sweden (Hi3G Access)