|Bid||135.05 x 0|
|Ask||135.10 x 0|
|Day's Range||135.05 - 137.20|
|52 Week Range||99.86 - 137.30|
|Beta (3Y Monthly)||0.57|
|PE Ratio (TTM)||53.25|
|Forward Dividend & Yield||2.20 (1.62%)|
|1y Target Est||114.57|
Investment company Kinnevik AB plans to divest its shareholding in telecommunications and media company Millicom International Cellular SA through a public offering and a distribution to Kinnevik's shareholders. Sweden's Kinnevik will offer to divest 29% or about 11 million shares of the total 37.2% of Millicom shares it owns, and distribute the remainder of its holding to shareholders, the company said in a statement. Kinnevik, founded by three wealthy families in 1936, is focused on digital businesses such as Swedish telecoms company Tele2 and online retailer Zalando.
Deutsche Telekom will win unconditional EU antitrust approval to buy Tele2's Dutch business, sources familiar with the matter said on Monday, sending telecoms shares higher on hopes of more flexible regulation on consolidation. The European telecoms index spiked higher, with Tele2 shares jumping 9 percent for their best day in more than four months. The telecoms industry has long called on the European Commission to take a broader view of mergers aimed at boosting revenue and investment, as well as allowing it to compete better against internet rivals.
BARCELONA/BRUSSELS (Reuters) - Sweden's Tele2 (TEL2b.ST) said on Thursday its Dutch subsidiary was not viable as a standalone business, lending weight to a takeover by Deutsche Telekom's (DTEGn.DE) business there that European regulators are due to rule on this month. KPN (KPN.AS) dominates the Dutch market, with a 43 percent share at the end of 2017, followed by a Vodafone (VOD.L) joint venture with Liberty Global (LBTYA.O), with 30.5 percent and Deutsche Telekom's T-Mobile Nederland with 21 percent.
Swedish mobile firm Tele2 AB said on Monday that the European Commission had closed an investigation into potential anti-competitive practices among market players and would not take any further action. In April last year, the Commission launched the investigation into whether mobile network operators in Sweden had abused their position to block competitors from entering the market. "Today, the European Commission has informed Tele2 that the investigation has been closed without any further action," Tele2 said in a statement.
The European Commission approved on Monday without any conditions the acquisition of Swedish Com Hem telecoms services provider by rival Tele2 . "The Commission concluded that the transaction would ...
MILAN/LONDON, July 18 (Reuters) - European shares hit a one-month high on Wednesday, supported by currency weakness and a rally in tech stocks following well-received earnings updates and a record close for the Nasdaq. The tech index rose 2.5 percent with Ericsson up 8.5 percent after the mobile telecom equipment maker unexpectedly swung to a modest operating profit, while semiconductor bellwether ASML jumped 8.1 percent on forecast-beating results. The upbeat remarks from Powell, who will continue his testimony to Congress later on Wednesday, lifted the dollar, which in turn helped shares in Europe's export-oriented sectors and Germany's DAX rise.