Tele2 to acquire TDC Sweden for SEK 2.9 bn

Tele2 AB
Telecom network operator Tele2 Group will acquire TDC Sweden for an enterprise value of SEK 2.9 billion to strengthen focus on B2B segment in its home market.

TDC Sweden, which serves the public sector and many Swedish blue chip customers with end-to-end connectivity and communication needs, posted sales of SEK 3.4 billion and EBITDA of SEK 0.4 billion in 2015. The operations had 809 employees in 2015.

Allison Kirkby, president and CEO of Tele2 AB, said: “The acquisition of TDC Sweden is consistent with our strategy to be champions of customer value for both consumers and businesses.”

Tele2 estimates annualized run rate Opex and Capex synergies to amount to approximately SEK 300 million, with additional one-off Capex synergies estimated to amount to SEK 200 million. Preliminary estimates for the integration costs and other one-off costs required to achieve synergies amount to approximately SEK 750 million.

editor@telecomlead.com

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