Tele2 TEL2 B

Stockholm | Telecom services
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Updated: 18 Sep 2026 Base analysis: 20 Jul 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Clear

Existing position can be maintained for the dividend yield.

Stable profitability, strong cash flow and attractive dividend support the hold signal despite temporary operational issues.

Market sentiment Neutral →
Trend: Stable

Customer sentiment has improved slightly following the RCS launch while institutional sentiment remains stable.

Risk assessment Low
Dilution: Low Strong cash flow covers dividend
Jurisdiction: Low Sweden and Baltics are stable EU markets
Execution: Medium New CEO must prove ability in competitive market

HOLD is the call. Neutral is the market mood. Low risk means less can go wrong.

Latest change
  • 20 Jul 2026 — ▲ Dilution risk is lowered to low as cash flow covers the dividend without requiring new issuance.

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About the company

Tele2 provides mobile and fixed connectivity, broadband, TV and IoT solutions to consumers and businesses. Operations are focused on Sweden and the Baltics with emphasis on stable profitability and dividends.

Sector: Telecom services
Type: Other
Next report (Q3)
20 Oct 2026
Catalysts
●
12 Oct 2026
Dividend High
Bull case

Stable eFCF growth and attractive dividend provide support for the share.

Bear case

Tough competition in the domestic market and risk of customer churn after network outage limit upside.

Why this signal

Stable profitability, strong cash flow and attractive dividend support the hold signal despite temporary operational issues.

Recent news
  • Tele2 has appointed Vahdat Zehtab as new EVP and Chief Commercial Officer with start no later than June 2027. The company became the first in Sweden to activate RCS support for iPhone with iOS 18. Minor network disruptions were noted in mid-September.

Key figures

Revenue
Q2 2026
SEK 7.4B
EBITDA
Q2 2026
SEK 3.0B
Net income
Q2 2026
SEK 1.2B
Cash
TTM
SEK 6.2B
Exchange
Stockholm
Sector
Telecom services
Tele2 TEL2 B
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.