Tele2
Tele2 AB is a publicly listed Swedish-Baltic telecom operator delivering mobile, fixed broadband, TV, IoT, and emerging sovereign cloud and AI services to consumer and business customers across Sweden, Estonia, Latvia, and Lithuania.
- Company typePublic
- Founded1993
- HeadquartersKista, Sweden
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Tele2 does
Tele2 AB (publ) is a Stockholm-headquartered telecommunications operator serving consumer and business customers across Sweden, Estonia, Latvia, and Lithuania. Founded in 1993 by Jan Stenbeck as a challenger brand to state incumbents, Tele2 today operates an integrated mobile-and-fixed connectivity portfolio through five consumer brands (Tele2, Comviq, Boxer, Pildyk, Zelta Zivtina) and the Com Hem fixed broadband and TV franchise acquired in a 2018 SEK 6.6 billion merger. The company is publicly listed on Nasdaq Stockholm (TEL2 A/B) and is part of the iliad Group through Freya Investissement; major shareholder influence from Xavier Niel via swap arrangements is recognized without triggering Swedish bid-rule thresholds.
The underlying technology stack combines 4G/5G mobile networks — shared with Telenor through the Net4Mobility JV and reaching a targeted 99.9% Swedish 5G population coverage that Opensignal recognized as Sweden's fastest in 2025 — with Com Hem's fiber-coax and fiber fixed-line infrastructure, plus the iTUX open-network communications operator. Recent capability additions include 3GPP-based satellite IoT through a Skylo partnership (coverage across 36 countries), AI-driven fraud detection via Estonian startup ScamGuardian, and a sovereign hybrid cloud plus AI offering launched with Scaleway for Swedish enterprises in May 2026. In February 2026, Tele2 spun Baltic tower assets into a JV with GCI, creating the first pan-Baltic tower company (~2,700 sites) and freeing approximately EUR 430 million in net cash proceeds under a 20-year anchor-tenant MSA.
The business model is anchored in subscription-based recurring revenue from consumer mobile, fixed broadband, and TV subscriptions, complemented by equipment sales, managed B2B services (enterprise networks, IoT, cloud), and wholesale carrier services including MVNO hosting and roaming. The company operates a hybrid GTM motion combining owned retail stores (five new stores in Q1 2026), online self-serve, and enterprise field sales. FY2025 revenue was SEK 29.9 billion with Q1 2026 organic end-user service revenue growth of 3% and underlying EBITDAaL growth of 11%, the fourth consecutive quarter of double-digit EBITDA expansion.
Tele2 firmographics
Firmographics- Name
- Tele2
- Legal name
- Tele2 AB (publ)
- Website
- https://tele2.com
- Company type
- Public
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Tele2 AB is a publicly listed Swedish-Baltic telecom operator delivering mobile, fixed broadband, TV, IoT, and emerging sovereign cloud and AI services to consumer and business customers across Sweden, Estonia, Latvia, and Lithuania.
- Ownership category
- akta.pro rank
Tele2 industry classification
Industry- Product category
- Telecommunications Services
- NAICS
- Wireless Telecommunications Carriers (except Satellite) (517112)
- SIC
- Radiotelephone Communications (4812), Telephone Communications (No Radiotelephone) (4813)
- akta.pro primary industry
- Enterprise & B2B Mobile Network Operators (HDAIAAAB)
Keywords
Where Tele2 is headquartered
LocationHeadquarters
- HQ city
- Kista
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
Tele2 business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Operations, Supply Chain
Revenue model
- End-user Service Revenue: Tele2 generates revenue from mobile and fixed telephony services, broadband subscriptions, and TV services to end consumers and businesses. Q1 2026 reported SEK 5.5 billion in end-user service revenue, growing 3% organically.
- Equipment Sales: Revenue from sale of equipment including phones, terminals, and routers.
- Wholesale Services: Revenue from carrier services, roaming fees from foreign visitors, messaging services (A2P), MVNO wholesale, and revenues from joint network companies Net4Mobility and SUNAB.
- B2B Enterprise Solutions: Corporate integration business including building and maintaining communication services such as enterprise data networks, switches, hosting, and cloud services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Prepaid and postpaid mobile plans for consumers |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Tele2 product offering
Product offeringCore offering
Tele2 is an integrated telecommunications operator offering mobile (4G/5G) and fixed (fiber/coax) connectivity, digital TV, enterprise IoT (including satellite IoT), sovereign hybrid cloud and AI services, and wholesale carrier services to consumers, businesses, and other operators across Sweden, Estonia, Latvia, and Lithuania. The portfolio is delivered through multiple consumer brands (Tele2, Comviq, Com Hem, Boxer, Pildyk, Zelta Zivtina) and the Tele2 Business B2B brand.
Product overview
Tele2 is a Swedish telecommunications operator offering an integrated portfolio of mobile, fixed broadband, TV, and IoT services. The company operates multiple consumer brands (Tele2, Comviq, Com Hem, Boxer, Pildyk, Zelta Zivtina) across Sweden, Estonia, Latvia, and Lithuania, plus B2B services through Tele2 Business. The product portfolio includes core mobile services (prepaid/postpaid), 5G network connectivity, fixed broadband via Com Hem's fiber-coax network, digital TV services, satellite IoT connectivity, enterprise networking solutions, wholesale carrier services, and property infrastructure services. Following the 2018 merger with Com Hem, Tele2 positions itself as a challenger brand with a focus on value, simplicity, and sustainability.
Differentiator
Problem solved
Functional benefit
Products and services
- Tele2 Mobile Mobile telecommunications services including prepaid and postpaid options for calls, texts, and mobile data. Serves as Tele2's primary consumer mobile offering in Sweden and the Baltic states under the Tele2 brand.
- Tele2 5G Fifth-generation mobile network technology offering high-speed connectivity. Tele2's 5G network targets 99.9% Swedish population coverage through the Net4Mobility joint venture with Telenor and has been independently recognized as Sweden's fastest 5G network for downloads.
- Comviq Budget-friendly mobile brand operating under Tele2, offering prepaid and postpaid mobile services in Sweden targeted at price-sensitive consumers.
- Com Hem Broadband & TV Fixed broadband and digital TV services delivered via fiber-coax (HFC) and fiber infrastructure. Following the 2018 merger with Tele2, Com Hem provides cable TV, fiber broadband, and streaming services across Sweden.
- Boxer Digital terrestrial television (DTT) service operating under Tele2, delivering digital TV via the DTT infrastructure in Sweden.
- Pildyk Mobile brand operating in Lithuania, offering prepaid and postpaid mobile services to Lithuanian consumers.
- Zelta Zivtina Mobile brand operating in Latvia, offering prepaid and postpaid mobile services to Latvian consumers.
- Satellite IoT Connectivity Satellite-based IoT connectivity service launched in partnership with Skylo Technologies, enabling devices to switch seamlessly between terrestrial and satellite networks across 36 countries. First Swedish operator to offer 3GPP-based satellite IoT.
- IoT Solutions Internet of Things connectivity services for businesses, including machine-to-machine communication, connected devices, and asset tracking solutions across Tele2's Nordic and Baltic markets.
- B2B Enterprise Services (Tele2 Business) Business connectivity solutions including enterprise data networks, private networking, cloud connectivity, and managed services for corporate customers, delivered under the Tele2 Business brand.
- Wholesale Services Network services offered to other operators including national wholesale, international wholesale, carrier services, and messaging services. Includes MVNO wholesale arrangements.
- iTUX Open Network Operator Communications operator operating open networks in Sweden. iTUX rents network infrastructure from network owners, maintains the network, and receives payments from service operators providing TV and/or internet services to end customers.
- Property Infrastructure Services Fixed infrastructure services for property owners including broadband and TV delivery to multi-dwelling units (MDUs). Tele2 provides complete connectivity solutions for property companies, including through the open-network iTUX platform.
- Sovereign Hybrid Cloud & AI Offering Sovereign hybrid cloud and AI solution launched in partnership with Scaleway for Swedish enterprises. Combines Tele2's private cloud services with Scaleway's 100% European public cloud platform, enabling customers to handle sensitive workloads in a private cloud while accessing scalable public cloud and AI capacity.
- AI-Powered Fraud Detection (with ScamGuardian) AI-powered voice fraud and scam detection service that processes call data to identify and block fraudulent calls. Built in partnership with Estonian AI startup ScamGuardian using anomaly detection on previously blocked scam calls without accessing personal data. Blocked over 205,000 fraudulent calls in Latvia in May 2026.
Quantifiable outcome
- 11% underlying EBITDAaL growth in Q1 2026
- +2 more outcomes
Companies that use Tele2
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
Tele2 technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability2 records
Feature5 records
Tele2 partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- ScalewaycoreTele2 partnered with Scaleway, Europe's leading public cloud provider within the iliad Group, to launch a sovereign hybrid cloud and AI offering for the Swedish market. The solution combines Tele2's existing private cloud services with Scaleway's 100% European public cloud platform. Scaleway was recently selected as one of four cloud providers under the European Commission's €180 million Cloud III Dynamic Purchasing System.
- LKF (Lunds Kommuns Fastighets AB)coreTele2 and LKF signed a five-year agreement where Tele2 delivers all fixed infrastructure for broadband and TV to LKF's rental properties covering more than 20,000 Lund residents. The agreement includes the open network through iTUX communication operator.
- GCI (Global Communications Infrastructure)coreTele2 and GCI finalized the transaction to create the first pan-Baltic tower company, Baltic Tower Company UAB based in Lithuania with approximately 2,700 tower and rooftop sites across Estonia, Latvia, and Lithuania. Tele2 serves as anchor tenant under a 20-year Master Service Agreement and received net cash proceeds of around EUR 430 million.
- SkylocoreTele2 partnered with Skylo Technologies to launch satellite-based IoT connectivity, making Tele2 the first Swedish operator to offer a 3GPP-based satellite IoT solution. The service enables devices to switch seamlessly between terrestrial and satellite networks, providing coverage across 36 countries.
- Telenor (Net4Mobility JV)coreTele2 partners with Telenor in the joint venture Net4Mobility for the 5G rollout in Sweden. Net4Mobility is a network sharing arrangement enabling both operators to expand 5G coverage across Sweden.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Tele2 competitors and assessment
Company assessmentDirect peers
- Telia Company: Largest Nordic and Baltic telecom incumbent, offering mobile, fixed broadband, and TV across the same geographies as Tele2 (Sweden, Baltics). Directly competes for the same consumer and enterprise connectivity customers.
- Telenor: Norwegian-headquartered mobile operator active across the Nordics; Tele2's JV partner in Net4Mobility for Swedish 5G. Directly comparable on mobile network operations and Nordic enterprise services.
- Hi3G Access (Three): Mobile operator competing with Tele2 in the Swedish consumer and SME mobile market under the 'Three' brand. Closely comparable on mobile-only network operations and Swedish retail footprint.
- Elisa: Finnish telecom operator with significant presence in Estonia, directly competing with Tele2's Baltic mobile business. Highly comparable on Nordic/Baltic mobile and fixed connectivity offerings.
- Bite Group: Mobile operator serving Lithuania and Latvia, directly competing with Tele2 in the Baltic consumer mobile market. Closely aligned on prepaid/postpaid mobile and B2B connectivity.
- LMT: Latvian mobile network operator and incumbent, competing with Tele2 Latvia in mobile, IoT, and 5G. Comparable on Baltic mobile market dynamics and enterprise IoT.
Regional players
- DNA: Finnish mobile and fixed operator with overlapping products (mobile, broadband, TV) to Tele2 but serving Finland rather than Tele2's core Swedish/Baltic markets.
Broad incumbents
- Vodafone: Global telecom incumbent with mobile, fixed, IoT, and wholesale offerings — overlapping with Tele2's enterprise and wholesale services across multiple markets, though at much larger scale.
Emerging players
- Millicom: Fixed and mobile connectivity provider in Latin America and Africa; comparable business model on integrated mobile + fixed + cable with IoT ambitions, though in different geographies.
Others
- iliad Group: French telecom operator and Tele2's controlling shareholder via Freya Investissement. Operates Free Mobile and Scaleway — the latter being Tele2's sovereign cloud partner — making it both parent and strategic platform peer.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Tele2 social profiles
Digital presenceTele2 compliance and trust
Trust signalCompliance1 record
Tele2 financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tele2 leadership team
Management profileNumber of profiles
Profiles14 records
Tele2 subsidiaries and ownership
Company hierarchySubsidiaries7 records
Tele2 funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tele2 M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tele2
What does Tele2 do?
Tele2 is an integrated telecommunications operator offering mobile (4G/5G) and fixed (fiber/coax) connectivity, digital TV, enterprise IoT (including satellite IoT), sovereign hybrid cloud and AI services, and wholesale carrier services to consumers, businesses, and other operators across Sweden, Estonia, Latvia, and Lithuania. The portfolio is delivered through multiple consumer brands (Tele2, Comviq, Com Hem, Boxer, Pildyk, Zelta Zivtina) and the Tele2 Business B2B brand.
Is Tele2 a public or private company?
Tele2 is a public company. It is classified as public and is currently operating.
When was Tele2 founded?
Tele2 was founded in 1993. It employs 1,001 to 5,000 people.
Where is Tele2 based?
Tele2 is headquartered in Kista, Sweden, in the Europe region.
How does Tele2 make money?
Four revenue lines are on record. End-user Service Revenue is the primary driver. The others are equipment Sales, wholesale Services and B2B Enterprise Solutions.
Who are Tele2's main competitors?
Direct peers on record are Telia Company, Telenor, Hi3G Access (Three), Elisa, Bite Group and LMT. DNA is listed as a regional player. Vodafone is listed as a broad incumbent. Millicom is listed as an emerging player. iliad Group is listed as an others.
Does Tele2 have an API?
No public API is recorded for Tele2.
What industry is Tele2 in?
Tele2's product category is Telecommunications Services. Its primary akta.pro industry code is HDAIAAAB, Enterprise & B2B Mobile Network Operators. Its NAICS code is 517112 and its SIC code is 4812.