|Bid||96.76 x 0|
|Ask||96.82 x 0|
|Day's range||96.30 - 97.44|
|52-week range||72.30 - 110.60|
|PE ratio (TTM)||40.37|
|Forward dividend & yield||0.59 (5.24%)|
|1y target est||101.91|
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.
Kinnevik AB (publ) ("Kinnevik") today announced that it supports the proposed statutory merger between Tele2 and Com Hem (the "Merger"). When the Merger has been completed, Kinnevik will become the largest shareholder in the combined company ("Enlarged Tele2"), holding 27.3 percent of the shares and 41.9 percent of the votes. The completion of the Merger is subject to, inter alia, approval by the shareholders of each of Tele2 and Com Hem at their respective Extraordinary General Meetings, which are currently expected to be held during the second half of 2018, as well as necessary authority approvals.
STOCKHOLM/FRANKFURT, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - Deutsche Telekom (IOB: 0MPH.IL - news) will buy the Dutch business of Sweden's Tele2 and combine it with its T-Mobile Nederland to give it more muscle to challenge rivals KPN (Amsterdam: KPN.AS - news) and Ziggo. Analysts have said a merger of T-Mobile and Tele2 in the Netherlands might make sense as the two lie a distant third and fourth place in the Dutch market.