|Bid||109.45 x 0|
|Ask||109.55 x 0|
|Day's Range||108.65 - 109.95|
|52 Week Range||87.85 - 115.90|
|PE Ratio (TTM)||129.31|
|Forward Dividend & Yield||4.00 (3.50%)|
|1y Target Est||109.00|
AB (TEL2-B.SK) on Monday reported a slight drop in first-quarter net profit as losses from discontinued operations edged higher, but backed its full-year guidance and strengthened prospects for higher shareholder returns going forward. The company said its net profit in the first quarter was 332 million Swedish kronor ($39.2 million), compared with a profit of SEK418 million last year. Net profit from continuing operations was SEK590 million, up from SEK495 million, it said.
Tele2 (TEL2b.ST) has agreed a $3.2 billion takeover of cable TV company Com Hem (COMH.ST) in a Swedish installment of a global wave of mergers reshaping the telecoms and media sector. If the deal is approved, the new company would be able to sell mobile telephony services to Com Hem's household customers, while Tele2 would add fixed-line connectivity and TV services to its range of products. A deal had been predicted by some analysts after investment company Kinnevik (KINVb.ST), Tele2's main owner, bought an 18.5 percent stake in Com Hem in April last year to also become its biggest shareholder.