# TELE2 AB-B SHS

Summary updated: 2026-10-02T09:58:48.376721Z
Canonical: https://finbar.com/research/companies/tele2-ab-b-shs

## Overview

Tele2 AB is a telecommunications and connectivity company providing fixed and mobile services, including telephony, broadband, television, streaming and Internet of Things connectivity. Its core markets are Sweden, Estonia, Latvia and Lithuania; offerings vary by market, with fixed broadband and entertainment alongside mobile services in Sweden and mobile-focused services in the Baltics. [1](https://www.tele2.com/about/what-we-offer/)[2](https://www.tele2.com/about/what-we-offer/our-business-segments/)[3](https://app.finbar.com/go?id=P140325426)

Tele2 describes its vision as “to be the smartest telco in the world, enabling a society of unlimited possibilities.” [4](https://www.tele2.com/about/our-purpose/) In 2025, revenue was SEK 29.9 billion, and the company had 3,866 employees at year-end. [5](https://app.finbar.com/go?id=P140325423)[6](https://app.finbar.com/go?id=P140326737)
[3](https://app.finbar.com/go?id=P140325426)[5](https://app.finbar.com/go?id=P140325423)[6](https://app.finbar.com/go?id=P140326737)[1](https://www.tele2.com/about/what-we-offer/)[2](https://www.tele2.com/about/what-we-offer/our-business-segments/)[4](https://www.tele2.com/about/our-purpose/)

## Products & services

Tele2’s consumer mobile products include postpaid and prepaid plans with calls, text messages and tiered data allowances, including unlimited-data options; mobile services are offered over 5G. Its home-connectivity products include fixed broadband over its own and partner networks and 5G mobile broadband. The consumer TV portfolio combines television channels, streaming services and live sports. [7](https://www.tele2.se/mobilabonnemang) [8](https://www.tele2.se/bredband) [9](https://www.tele2.se/tv)

For business customers, Tele2 offers mobile and fixed connectivity, IoT services, and cloud and IT services including data centre, digital workplace, IT operations, public cloud and cloud backup. Tele2 Växel is a cloud-based business phone system managed through mobile or web. Its IoT offering includes Global Satellite IoT Connectivity, developed with Skylo: a 3GPP-based direct-to-device satellite service intended to connect IoT devices beyond conventional mobile coverage, including in remote areas. [10](https://app.finbar.com/go?id=P140325408) [11](https://www.tele2.se/foretag/vaxel/vaxel-medelstora-foretag) [12](https://www.tele2.se/foretag/molntjanster) [13](https://www.tele2.com/media/news/2025/tele2-first-swedish-operator-to-launch-satellite-iot-connectivity-with-skylo/)

In Sweden in FY2025, reported end-user service revenue was SEK 12,701 million: mobile revenue was SEK 6,300 million, fixed broadband SEK 3,302 million, digital TV SEK 2,386 million, and fixed telephony and DSL SEK 79 million. These represent approximately 49.6%, 26.0%, 18.8% and 0.6%, respectively, of that total, calculated from the reported figures. [14](https://app.finbar.com/go?id=T16044081)
[10](https://app.finbar.com/go?id=P140325408)[14](https://app.finbar.com/go?id=T16044081)[7](https://www.tele2.se/mobilabonnemang)[8](https://www.tele2.se/bredband)[9](https://www.tele2.se/tv)[11](https://www.tele2.se/foretag/vaxel/vaxel-medelstora-foretag)[12](https://www.tele2.se/foretag/molntjanster)[13](https://www.tele2.com/media/news/2025/tele2-first-swedish-operator-to-launch-satellite-iot-connectivity-with-skylo/)

## Geographic presence

Tele2’s principal operating markets are Sweden, Lithuania, Latvia and Estonia. Its 2025 reporting also lists a small employee presence in the Netherlands and an “Other” category, neither of which is shown as a separate revenue segment. [15](https://www.tele2.com/about/where-we-operate/)[16](https://app.finbar.com/go?id=P140326062)

In 2025, external revenue was SEK 22,881 million in Sweden (76.6% of total), SEK 4,025 million in Lithuania (13.5%), SEK 2,008 million in Latvia (6.7%) and SEK 975 million in Estonia (3.3%), against SEK 29,890 million total. The percentages are calculated from reported country revenue. [17](https://app.finbar.com/go?id=T16044200) At year-end, Tele2 reported 3,866 employees: 2,366 in Sweden, 747 in Lithuania, 421 in Latvia, 320 in Estonia, 2 in the Netherlands and 10 in “Other.” [18](https://app.finbar.com/go?id=T16044135) Its head office is at Torshamnsgatan 17, Kista, Sweden; the registered office is in Stockholm. [19](https://www.tele2.com/contact-us/)
[17](https://app.finbar.com/go?id=T16044200)[17](https://app.finbar.com/go?id=T16044200)[17](https://app.finbar.com/go?id=T16044200)[17](https://app.finbar.com/go?id=T16044200)[17](https://app.finbar.com/go?id=T16044200)[18](https://app.finbar.com/go?id=T16044135)[18](https://app.finbar.com/go?id=T16044135)[18](https://app.finbar.com/go?id=T16044135)[18](https://app.finbar.com/go?id=T16044135)[18](https://app.finbar.com/go?id=T16044135)[18](https://app.finbar.com/go?id=T16044135)[18](https://app.finbar.com/go?id=T16044135)[16](https://app.finbar.com/go?id=P140326062)[15](https://www.tele2.com/about/where-we-operate/)[19](https://www.tele2.com/contact-us/)

## Business segments

Tele2 reports four geographic business segments: Sweden, Lithuania, Latvia and Estonia. It manages and reviews results by country, reflecting market-specific operating risks, and uses Underlying EBITDAaL to assess segment performance. The reports do not define separate business activities for each country segment. [20](https://app.finbar.com/go?id=P140327472)

In FY2025, Sweden generated SEK 22,888 million in revenue, approximately 76.6% of consolidated revenue; Lithuania SEK 4,095 million (13.7%); Latvia SEK 2,054 million (6.9%); and Estonia SEK 991 million (3.3%). These are approximate shares calculated from reported segment revenue and the consolidated total. [17](https://app.finbar.com/go?id=T16044200)

The H1 2026 breakdown was broadly similar: Sweden accounted for approximately 76.5% of revenue, Lithuania 13.8%, Latvia 6.8% and Estonia 3.3%. [21](https://app.finbar.com/go?id=T16043983)
[20](https://app.finbar.com/go?id=P140327472)[17](https://app.finbar.com/go?id=T16044200)[21](https://app.finbar.com/go?id=T16043983)

## Company history

Tele2 traces its roots to Comvik, which launched an analog mobile network in Sweden in 1981; Jan Stenbeck founded Tele2 in 1993 with the launch of fixed telephony. The company listed on the Stockholm Stock Exchange in 1996, and Tele2 and Comviq merged in 1997. [22](https://www.tele2.com/about/our-history/) [23](https://www.tele2.com/files/globalassets/documents/reports/2006/2006eng.pdf)

Tele2 expanded beyond Sweden in the late 1990s, including into Estonia, and built out 3G services around 2000. It later sold its Russian operations in 2013 and agreed to sell Tele2 Norway in 2014, with the sale cleared in 2015. [24](https://www.tele2.com/sv/media/pressmeddelanden/1998/netcom-koper-mobiltelefoniverksamhet-i-estland/) [22](https://www.tele2.com/about/our-history/) [25](https://www.tele2.com/media/news/2013/tele2-ab-announces-the-successful-completion-of-its-sale-of-tele2-russia-to-vtb-group/) [26](https://www.tele2.com/media/news/2014/tele2-ab-sells-tele2-norway-to-teliasonera-for-sek-51-billion/) [27](https://www.tele2.com/media/news/2015/tele2-receives-clearance-to-sell-its-norwegian-operations-to-teliasonera/)

In 2018, Tele2 completed its merger with Swedish broadband and television operator Com Hem (P140673171). Tele2 launched a public 5G network in Sweden in 2020 and completed the divestment of T-Mobile Netherlands, jointly owned with Deutsche Telekom, in 2022. [28](https://www.tele2.com/media/news/2018/the-merger-between-tele2-and-com-hem-is-completed/) [29](https://www.tele2.com/media/news/2020/tele2-has-launched-swedens-first-public-5g-network/) [30](https://www.tele2.com/media/news/2022/tele2s-divestment-of-t-mobile-netherlands-completed/)
[31](https://app.finbar.com/go?id=P140673171)[22](https://www.tele2.com/about/our-history/)[23](https://www.tele2.com/files/globalassets/documents/reports/2006/2006eng.pdf)[24](https://www.tele2.com/sv/media/pressmeddelanden/1998/netcom-koper-mobiltelefoniverksamhet-i-estland/)[22](https://www.tele2.com/about/our-history/)[25](https://www.tele2.com/media/news/2013/tele2-ab-announces-the-successful-completion-of-its-sale-of-tele2-russia-to-vtb-group/)[26](https://www.tele2.com/media/news/2014/tele2-ab-sells-tele2-norway-to-teliasonera-for-sek-51-billion/)[27](https://www.tele2.com/media/news/2015/tele2-receives-clearance-to-sell-its-norwegian-operations-to-teliasonera/)[28](https://www.tele2.com/media/news/2018/the-merger-between-tele2-and-com-hem-is-completed/)[29](https://www.tele2.com/media/news/2020/tele2-has-launched-swedens-first-public-5g-network/)[30](https://www.tele2.com/media/news/2022/tele2s-divestment-of-t-mobile-netherlands-completed/)

## Sources

1. [www.tele2.com](https://www.tele2.com/about/what-we-offer/)
2. [www.tele2.com](https://www.tele2.com/about/what-we-offer/our-business-segments/)
3. [TELE2 AB-B SHS — Full financial report (2025 Y), p19](https://app.finbar.com/go?id=P140325426)
4. [www.tele2.com](https://www.tele2.com/about/our-purpose/)
5. [TELE2 AB-B SHS — Full financial report (2025 Y), p18](https://app.finbar.com/go?id=P140325423)
6. [TELE2 AB-B SHS — Full financial report (2025 Y), p92](https://app.finbar.com/go?id=P140326737)
7. [www.tele2.se](https://www.tele2.se/mobilabonnemang)
8. [www.tele2.se](https://www.tele2.se/bredband)
9. [www.tele2.se](https://www.tele2.se/tv)
10. [TELE2 AB-B SHS — Full financial report (2025 Y), p17](https://app.finbar.com/go?id=P140325408)
11. [www.tele2.se](https://www.tele2.se/foretag/vaxel/vaxel-medelstora-foretag)
12. [www.tele2.se](https://www.tele2.se/foretag/molntjanster)
13. [www.tele2.com](https://www.tele2.com/media/news/2025/tele2-first-swedish-operator-to-launch-satellite-iot-connectivity-with-skylo/)
14. [TELE2 AB-B SHS — Full financial report (2025 Y), p23](https://app.finbar.com/go?id=T16044081)
15. [www.tele2.com](https://www.tele2.com/about/where-we-operate/)
16. [TELE2 AB-B SHS — Full financial report (2025 Y), p59](https://app.finbar.com/go?id=P140326062)
17. [TELE2 AB-B SHS — Full financial report (2025 Y), p138](https://app.finbar.com/go?id=T16044200)
18. [TELE2 AB-B SHS — Full financial report (2025 Y), p92](https://app.finbar.com/go?id=T16044135)
19. [www.tele2.com](https://www.tele2.com/contact-us/)
20. [TELE2 AB-B SHS — Full financial report (2025 Y), p132](https://app.finbar.com/go?id=P140327472)
21. [TELE2 AB-B SHS — Partial financial report (2026 Q 2), p8](https://app.finbar.com/go?id=T16043983)
22. [www.tele2.com](https://www.tele2.com/about/our-history/)
23. [www.tele2.com](https://www.tele2.com/files/globalassets/documents/reports/2006/2006eng.pdf)
24. [www.tele2.com](https://www.tele2.com/sv/media/pressmeddelanden/1998/netcom-koper-mobiltelefoniverksamhet-i-estland/)
25. [www.tele2.com](https://www.tele2.com/media/news/2013/tele2-ab-announces-the-successful-completion-of-its-sale-of-tele2-russia-to-vtb-group/)
26. [www.tele2.com](https://www.tele2.com/media/news/2014/tele2-ab-sells-tele2-norway-to-teliasonera-for-sek-51-billion/)
27. [www.tele2.com](https://www.tele2.com/media/news/2015/tele2-receives-clearance-to-sell-its-norwegian-operations-to-teliasonera/)
28. [www.tele2.com](https://www.tele2.com/media/news/2018/the-merger-between-tele2-and-com-hem-is-completed/)
29. [www.tele2.com](https://www.tele2.com/media/news/2020/tele2-has-launched-swedens-first-public-5g-network/)
30. [www.tele2.com](https://www.tele2.com/media/news/2022/tele2s-divestment-of-t-mobile-netherlands-completed/)
31. [TELE2 AB-B SHS — Partial financial report (2018 Q 3), p29](https://app.finbar.com/go?id=P140673171)

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