European Telecom Tele2 Dials Up Growth

European Telecom Tele2 Dials Up Growth

[...]quarter results on Wednesday were above market forecasts and the company reinstated its extraordinary dividend and guidance. Tele2's free cash flow is among the highest in the sector due to "superior revenue growth in an inflationary Swedish market, driven by price rises that manageme...

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Veröffentlicht in:Barron's 2020-07, Vol.100 (29), p.M4-M4
1. Verfasser: Steiner, Rupert
Format: Artikel
Sprache:eng
Schlagworte:
Communications equipment
COVID-19
Pandemics
Securities analysis
Service introduction
Stock prices
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Beschreibung
Zusammenfassung:[...]quarter results on Wednesday were above market forecasts and the company reinstated its extraordinary dividend and guidance. Tele2's free cash flow is among the highest in the sector due to "superior revenue growth in an inflationary Swedish market, driven by price rises that management sees as sustainable in the medium term," Goldman's Lee wrote. The Tele2 name came in 1993 when Swedish internet provider Swipnet merged with mobile phone provider Comviq, then with cable TV provider Kabelvision four years later.
ISSN:1077-8039