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Regulatory press release Tele2 Group Mar 31 2022, 3:15 PM CET

Tele2’s divestment of T-Mobile Netherlands completed

Stockholm – Tele2 AB (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) today announces that Tele2 and Deutsche Telekom have completed the divestment of T-Mobile Netherlands to funds advised by Apax Partners LLP and Warburg Pincus LLC for an enterprise value of EUR 5.1 billion.

- The management of T-Mobile Netherlands has done an excellent job since the merger of T-Mobile Netherlands and Tele2 Netherlands and I am happy to announce that this deal creates significant return to our shareholders. With this divestment we have completed our international consolidation and we will now focus on the core Nordic and Baltic region where we have the market position and scale to drive sustainable long-term growth, says Kjell Johnsen, President and CEO of Tele2.

As previously communicated, Tele2’s Board of Directors proposes that the full cash proceeds of Tele2’s 25% ownership should be distributed to the shareholders of Tele2 through an extraordinary dividend of SEK 13.00 per share (SEK 9.0 billion). The proposal stipulates that the extraordinary dividend should be paid in connection with the first tranche of the ordinary dividend on May 5, 2022. 

For more information, please contact:

Samuel Maher, Interim Corporate Communications Manager, Phone: +46 73 159 55 02

Patrik Johannesson, Acting Head of Investor Relations, Phone: +46 73 966 83 84