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Rostelecom approves 100% Tele2 Russia takeover

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Christian Fernsby ▼ | November 16, 2019
Rostelecom board of directors has approved a transaction to consolidate a 55% stake in T2 RTK holding (Tele2 Russia).
Tele2 Russia
Russian businesses   Tele2 Russia
Mikhail Oseevskiy, President of Rostelecom: "trategically, this is a landmark deal for Rostelecom and represents a key part of the Company’s digital transformation."

Topics: Rostelecom Tele2 Russia takeover

Tele2 Russia is the fastest growing mobile player in Russia and the only provider in the country that managed to substantially increase its market share in the last three years to 17% (+ 2 p.p.).

Tele2’s subscriber base stands at 44 million, while its Net Promoter Score ranks as the best in the sector.

Tele2 posted 16% revenue CAGR for 2016-2018, against the 4% average in the industry.

The company is proud of its increasingly developed mobile data network, and its six-fold increase in LTE base stations in the last three years, which has enabled Tele2 to become the second mobile player in Russia by the number of Base Tranceiver Stations.

The company is the leader in telecom market in terms of the pace at which its network infrastructure is being rolled out.

Tele2 Russia ranks third in the industry by the number of 2/3/4g BTS.

The enlarged company expects top-line and OIBDA growth to accelerate, and for margins and cash flow generation to increase.