Sunday, June 16, 2024
-Advertisement-
Education Sabha
Education Sabha
Education Sabha
Education Sabha
HomeNewsTelecomSwedish telecom operators Tele2 and Deutsche Telekom to divest from jointly-owned T-Mobile Netherlands

Swedish telecom operators Tele2 and Deutsche Telekom to divest from jointly-owned T-Mobile Netherlands

Follow Tech Observer on Google News

Tele2 and Deutsche Telekom have announced to sell jointly-owned T-Mobile Netherlands to Apax Partners and Warburg Pincus in a 5.1 billion euros deal

Google News

Kicking off a major divestment plan, Swedish operators Tele2 and have announced to sell jointly-owned to private equity groups Apax Partners and Warburg Pincus for an enterprise value of 5.1 billion euros ($6.05 billion). Tele 2 said the deal valued its 25% stake at 860 million euros.

“This successful sale will conclude Tele2's international consolidation and we will now continue our strategy to focus on our core operations in Sweden and the Baltics,” Tele2 CEO Kjell Johnsen said in a statement.

Following the announcement, the Tele2 Board of Directors has indicated to propose an extraordinary dividend of at least 11 Swedish crowns ($1.29) per share, pending closing of the transaction and the receipt of cash proceeds.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
Education Sabha
Education Sabha
Education Sabha
Education Sabha
- Advertisement -Education Sabha
- Advertisement -EmpowerFest 2024
- Advertisement -
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

AI surge to boost adoption of conversational analytics: Chetan Alsisaria, Polestar

"The way we interact with data is changing, thanks to large language models. Earlier bots were rule-based and limited, but now, AI allows for more natural, conversational interactions," said Chetan Alsisaria, CEO and Co-Founder, Polestar Solutions.

RELATED ARTICLES