Tele2 Expects to Complete Sale of T-Mobile Netherlands in Coming Weeks
25 March 2022 - 7:04PM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Tele2 AB said Friday that it expects to complete the
divestment of T-Mobile Netherlands in the coming weeks.
The Sweden-based telecom company and Deutsche Telekom AG agreed
last year to sell their respective 25% and 75% stakes in T-Mobile
Netherlands to Apax Partners LLP and Warburg Pincus LLC in a deal
valued at 5.1 billion euros ($5.6 billion).
Tele2 said it proposes that the full cash proceeds of the sale
be distributed to its shareholders through an extraordinary
dividend of 13 Swedish kronor ($1.38) a share in May.
All necessary regulatory approvals for the sale have been
received and Tele2 said it expects the transaction to be closed in
the coming weeks.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
March 25, 2022 03:49 ET (07:49 GMT)
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