Press release Tele2 Group Sep 19 2007, 1:00 PM CET
Tele2 divests 3C Communications International SA ("3C") to Telekurs for approximately SEK 50 million
Stockholm - Tele2 AB, ("Tele2"), (Stockholm Stock Exchange: TEL2 A and TEL2 B), Europe's leading alternative telecom operator, today announced that it has sold 3C to Telekurs. Telekurs will pay in cash approximately SEK 50 million on a cash and debt free basis.
3C, which has been included in market area Services, affected Tele2's operating revenue in 2006 and the first half of 2007 by SEK 72 million and SEK 34 million, respectively, and EBITDA by SEK -6 million and SEK -8 million, respectively. The transaction will have a negative one-time P&L effect on Tele2 of approximately SEK 150 million.
3C Communications International SA, a wholly-owned subsidiary of Tele2, is a company in the field of card-based payment transactions. 3C has provided payment solutions for over 20 years, in 24 countries around the world within a wide variety of industry and market segments including hotels & restaurants, car parking, retail, vending and e-commerce.
Further information can be obtained from:
Lars-Johan Jarnheimer, President and CEO Tele2 AB, Telephone: +46 8 5626 4000
Lena Krauss, Investor inquiries, Telephone: +46 8 5620 0045
Lars Torstensson, Investor inquiries, Telephone: +46 702 73 48 79