Tele2 completes sale of Tele2 Hungary to HTCC

18 Jul 2007

Sweden-based pan-European operator Tele2 has confirmed the sale of its Tele2 Hungary unit to Hungarian Telephone and Cable Corp (HTCC), for SEK40 million (USD6 million) on a debt and cash free basis, with the sale having a positive one time effect on Tele2’s results of approximately SEK20 million. The sale of the unit is in line with Tele2’s stated strategy of concentrating on markets where it already has a strong market position and expectations of higher profitability.

Hungary, Sweden,Invitel (a subsidiary of DIGI), Tele2,



Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.