Tele2 traded at 170.00 this Tuesday February 3rd, increasing 4.60 or 2.78 percent since the previous trading session. Looking back, over the last four weeks, Tele2 gained 10.32 percent. Over the last 12 months, its price rose by 39.86 percent. Looking ahead, we forecast Tele2 to be priced at 158.31 by the end of this quarter and at 145.15 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.