Tele2 buys TDC Sweden and strengthens position B2B marketStaff writer ▼ | June 22, 2016
Tele2 Group will acquire TDC Sweden at an Enterprise Value of SEK 2.9 billion. This acquisition will allow Tele2 to become a stronger player in the strategically important B2B segment in its home market.
Acquisition TDC Sweden has a strong position
TDC Sweden has a strong position in attractive product segments, and a solid track record of profitable growth, delivering net sales in 2015 of SEK 3.4 billion and an EBITDA of SEK 0.4 billion. The operations had 809 full time employees at the end of 2015.
As a result of the acquisition of TDC Sweden, Tele2 intends to create a stronger customer champion in the Swedish B2B segment.
The combined operations will be well positioned to capture growth trends in the industry such as from data growth, managed services and migration to cloud platforms. ■