About Tele2
Tele2 is a company based in Stockholm (Sweden) founded in 1993. It operates as a Subscription Services, and Managed Services. The company has 4,330 employees as of December 31, 2024. Tele2 has completed 7 acquisitions, including BBNed, Com Hem AB and Comunitel. Tele2 offers products and services including Tele2 5G, Wholesale Services, and Internet of Things (IoT). Tele2 operates in a competitive market with competitors including MTN, Jio, Airtel, SK Telecom and Optus, among others.
- Headquarter Stockholm, Sweden
- Employees 4330 as on 31 Dec, 2024
- Stage Public
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tele2 Ab Class A
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Annual Revenue
$3.24 B (USD)0.91as on Dec 31, 2025
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Net Profit
$495.12 M (USD)18.94as on Dec 31, 2025
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EBITDA
$1.07 B (USD)3.15as on Dec 31, 2024
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Latest Funding Round
$139.62 M (USD), Debt – Venture
Oct 11, 2016
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Investors
European Investment Bank
& 1 more
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Employee Count
4330
as on Dec 31, 2024
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Investments & Acquisitions
BBNed
& 6 more
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IPO & Listings of Tele2
Tele2 is a publicly listed company on the OMXSTO with ticker symbol TEL2_A in Sweden, operating in the Communications sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Tele2
Tele2 offers a comprehensive portfolio of products and services, including Tele2 5G, Wholesale Services, and Internet of Things (IoT). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
5G network services are provided for enhanced connectivity.
Wholesale telecom solutions are offered to various businesses.
IoT solutions are delivered for connected device integration.
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Software Development Team
136 people
Head Team
34 people
Senior Team
25 people
Operations Team
21 people
Product Management Team
18 people
Manager Team
17 people
Human Resources and Administration
15 people
Leadership Team
12 people
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Funding Insights of Tele2
- Total Funding Total Funding
- Total Rounds 7
- Last Round Debt – Venture — $139.6M
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First Round
First Round
(21 Sep 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Debt – Venture - Tele2 | Valuation |
investors |
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| Jun, 2016 | Amount | Debt – Venture - Tele2 | Valuation |
investors |
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| Feb, 2016 | Amount | Post-IPO - Tele2 | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tele2
Tele2 has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include European Investment Bank and Nordic Investment Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Finance and advisory services for infrastructure projects are provided.
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Founded Year | Domain | Location | |
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Nordic Investment Bank is engaged in financing sustainable projects in the Nordic-Baltic region.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tele2
Tele2 has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include BBNed, Com Hem AB and Comunitel. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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A platform is utilized to connect and monitor connected equipment.
|
2010 | ||||
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Voice and data services are supplied to corporates in Sweden.
|
2002 | ||||
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Telecommunication services are provided by Network Norway in Norway.
|
2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Tele2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tele2 Comparisons
Competitors of Tele2
Tele2 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MTN, Jio, Airtel, SK Telecom and Optus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
MTN Group is recognized as a leading telecommunications provider in Africa.
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| domain | founded_year | HQ Location |
Provider of telecommunication services
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| domain | founded_year | HQ Location |
Airtel is recognized as a provider of telecommunications and internet services.
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| domain | founded_year | HQ Location |
Provider of integrated telecommunication services
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| domain | founded_year | HQ Location |
Mobile internet services are provided for homes and offices.
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| domain | founded_year | HQ Location |
Integrated telecom service provider
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tele2
Frequently Asked Questions about Tele2
When was Tele2 founded?
Tele2 was founded in 1993 and raised its 1st funding round 19 years after it was founded.
Where is Tele2 located?
Tele2 is headquartered in Stockholm, Sweden.
How many employees does Tele2 have?
As of Dec 31, 2024, the latest employee count at Tele2 is 4,330.
What is the annual revenue of Tele2?
Annual revenue of Tele2 is $3.24B as on Dec 31, 2025.
What does Tele2 do?
Tele2 is established as a prominent telecommunications company focused on mobile and internet services. Operations are conducted across multiple countries including Sweden, Lithuania, Latvia, and Estonia. Advanced 5G network solutions are provided, alongside wholesale services and IoT integrations. Emphasis is placed on sustainability, with initiatives to accelerate tech-driven environmental impact and protect online safety for children. Business transformation and infrastructure development are enabled through innovative connectivity solutions.
What products or services does Tele2 offer?
Tele2 offers Tele2 5G, Wholesale Services, and Internet of Things (IoT).
Is Tele2 publicly traded?
Yes, Tele2 is publicly traded on OMXSTO under the ticker symbol TEL2_A.
How many acquisitions has Tele2 made?
Tele2 has made 7 acquisitions, including BBNed, Com Hem AB, and Comunitel.
Who are Tele2's investors?
Tele2 has 2 investors. Key investors include European Investment Bank, and Nordic Investment Bank.
What is Tele2's ticker symbol?
The ticker symbol of Tele2 is TEL2_A on OMXSTO.