Tele2 traded at 160.75 this Thursday July 16th, decreasing 7.70 or 4.57 percent since the previous trading session. Looking back, over the last four weeks, Tele2 lost 8.61 percent. Over the last 12 months, its price rose by 9.32 percent. Looking ahead, we forecast Tele2 to be priced at 163.64 by the end of this quarter and at 151.62 in one year, according to Trading Economics global macro models projections and analysts expectations.
Tele2 AB is a telecom operator. The Company offers mobile services, fixed broadband and telephony, data network services, global Internet of things (IoT) solution and content services. The Company's segments include Sweden, the Netherlands, Kazakhstan, Croatia, Lithuania, Latvia, Estonia, Austria, Germany and Other. The Other segment includes IoT, the parent company Tele2 AB and central functions, and other minor operations. Services offered within the segments are mobile telephony, fixed broadband, fixed telephony and other operations (mainly business solutions, carrier operations and wholesale). The Company's mobile service includes various types of subscriptions for residential and business customers, as well as prepaid cards. The Company's mobile service also includes mobile broadband, fixed telephony through mobile network (FVM), machine-to-machine (M2M) communication and mobile carrier. The Company either owns the networks or rents them from other operators a set-up called MVNO.