Tele2

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.

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

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

• Mobile telecommunications
• Fixed broadband services
• Enterprise IoT connectivity
• 5G network services
• Wholesale carrier services

Headquarters

HQ city

Kista

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Operations, Supply Chain

Revenue model

1. 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.
2. Equipment Sales: Revenue from sale of equipment including phones, terminals, and routers.
3. 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.
4. B2B Enterprise Solutions: Corporate integration business including building and maintaining communication services such as enterprise data networks, switches, hosting, and cloud services.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core 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

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability2 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• ScalewaycoreStrategic or Co-development Partner · 28 May 2026Tele2 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)coreChannel Partner/ Reseller/ Distributor · 19 May 2026Tele2 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)coreStrategic or Co-development Partner · 27 February 2026Tele2 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.
• SkylocoreTechnology or Integration · 13 October 2025Tele2 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)coreStrategic or Co-development PartnerTele2 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

Direct 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

• Xx.com/tele2group
• YouTubeyoutube.com/@Tele2
• Facebookfacebook.com/WeAreTele2
• LinkedInlinkedin.com/company/tele2
• Instagraminstagram.com/wearetele2

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries7 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tele2