Tele2, Com Hem agree merger; will create ‘integrated connectivity provider’

10 Jan 2018

Tele2 Group and Com Hem Holding have jointly announced that their boards of directors have agreed to combine Tele2 Sweden and Com Hem to create a leading integrated connectivity provider in the Swedish telecoms market. As per the terms of the deal, Com Hem’s shareholders will receive SEK37.02 (USD4.5) in cash plus 1.0374 ‘B’ shares in Tele2 for each share in Com Hem. As such, Com Hem’s shareholders will receive approximately 26.9% economic ownership in the enlarged Tele2 alongside a total cash consideration of SEK6.6 billion.

Swedish industrial and communications group Kinnevik – the largest shareholder in both companies – has undertaken to vote in favour of the merger at the respective extraordinary general meetings (EGMs), and will not sell any shares in either Tele2 or Com Hem (or in the enlarged Tele2) up until six months after completion of the merger, subject to customary conditions.

Sweden,Com Hem, Tele2, Tele2 Sweden,

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

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

Advertise

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.

Share