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Tele2 Completes the Acquisition of a Majority Share in Mobile Operator NEO in Kazakhstan - Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced that it has completed the acquisition of a majority share in operator NEO in Kazakhstan
Tele2 Completes the Acquisition of a Majority Share in Mobile Operator NEO in Kazakhstan

 

NewswireToday - /newswire/ - Stockholm, Sweden, 2010/03/17 - Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced that it has completed the acquisition of a majority share in operator NEO in Kazakhstan. OMX Stockholm: TEL2A

   
 
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Tele2 has paid in cash SEK 545 million for 51 percent of the shares and will make a capital injection of SEK 360 million.

TELE2 IS ONE OF EUROPE'S LEADING TELECOM OPERATORS, ALWAYS PROVIDING THE BEST DEAL. We have 27 million customers in 11 countries. Tele2 (tele2.com) offers mobile services, fixed broadband and telephony, data network services, cable TV and content services. Ever since Jan Stenbeck founded the company in 1993, it has been a tough challenger to the former government monopolies and other established providers. Tele2 has been listed on the NASDAQ OMX Stockholm since 1996. In 2009, we had net sales of SEK 39.3 billion and reported an operating profit (EBITDA) of SEK 9.2 billion.

Contact: Lars Torstensson, Investor Inquiries, T: +46 702 73 48 79.

 
 
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Written by / Agency / Source: Tele2 AB

 
 

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Tele2 Completes the Acquisition of a Majority Share in Mobile Operator NEO in Kazakhstan

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Tele2 Press Releases |
Publisher Contact: Pernilla Oldmark - Tele2.com 
+46 704 26 45 45 press.relations[.]tele2.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Tele2 AB securities in any jurisdiction including any other companies listed or named in this release.

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