Tele2 to buy Com Hem of Sweden

Tele2 a telco from Sweden is to buy local cable operator, Com Hem, in a deal that values the company at €2.65 billion. If the deal goes ahead, the new organisation will be the second largest behind Telia, which is state-owned.

The deal is subject to approval by regulators and is expected to close in the second half of this year.

Analyst Comment

There are echoes of the deal by Deutsche Telekom to buy the cable business of Liberty Global in Austria. (DT strikes €1.9B deal for UPC Austria) Vodafone has been talking to Liberty Global about a tie up. (Liberty/Vodafone Deal Off the Table) BR.