The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

TEL2-B.ST

Concerning the House

Tele2 AB (publ) provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia. The company offers handset related data services, linear and streaming services, mobile telephony and data, fixed broadband and telephony, switch and contact center, cloud services, IT services, network services, workplace, video and collaboration, united communications, and security services. It also provides data network services, including dark fiber, dedicated wavelength, ethernet and IP VPN, and internet services; and unified communications comprising service provider, mobile virtual network operator, and carrier SIP-interconnect services. In addition, the company offers single and dual IMSI solutions for consumer and IoT applications; on-demand roaming services, such as subscription management, data plan management, real time charging, eSIM delivery, SIM management, and set up services; routing and termination solutions for international voice traffic; application-2-person messaging services; and value-added services comprising shortcodes and long numbers for businesses to have 2-way communication with their customers. Tele2 AB (publ) was formerly known as NetCom AB and changed its name to Tele2 AB (publ) in February 2001. The company was incorporated in 1990 and is headquartered in Kista, Sweden.

Sweden · www.tele2.com

The Ledger
LineMar 2025Jun 2025Dec 2025Mar 2026
Revenue$7.15B$7.26B$8.04B$7.25B
Gross profit$3.13B$3.22B$3.33B$3.18B
Operating income$1.62B$1.78B$1.82B$6.88B
Net income$875.00M$1.20B$1.23B$6.38B
Diluted EPS1.261.721.769.16
Free cash flow$2.37B$1.96B$1.19B$2.56B
CapEx-$835.00M-$823.00M-$1.29B-$843.00M
Quotation

$162.40

+0.50 (+0.3%)

52w hi$192.10
52w lo$140.39
Vol1.47M
As ofAug 13
The Verdict

Hold

Our score -0.16

Short-0.06
Medium-0.33
Long-0.01

computed 2026-08-13

By the Numbers

Tele2 AB (publ)

Communication Services · Telecom Services

Market cap$113.64B
Enterprise value$139.96B
Trailing P/E11.31x
Forward P/E24.79x
EV / EBITDA11.59x
P / S (ttm)3.79x
Profit margin33.6%
Return on equity47.6%
Revenue growth+1.9%
Earnings growth+1.2%
Debt / equity135.22
Risk Metrics
Beta vs SPX-0.03
Corr SPX-0.02
Annual vol33.1%
Annual ret+22.4%
Sharpe0.68
Max DD-24.9%

Window: 504 trading days (490 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.35
Sector-0.02
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$162.40$163.95$162.301.47M
Aug 12$161.90$162.85$161.65$162.40868.76K
Aug 11$161.20$162.30$160.85$161.901.15M
Aug 10$163.95$163.95$159.90$160.501.88M
Aug 7$165.25$166.15$163.80$163.951.45M