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Tele2

TEL2A:SS

Primary coverage by Russell Waller

Rating

Neutral

SEK kr163

Model

Updated August 21, 2026

Research

EU Telecoms Call Slides: Fearing FWA more than Starlink

September 2, 2026 — James Ratzer, Russell Waller, Ben Rickett and Jeremy Ben-Nathan
EU Telecoms Review: Fearing FWA capacity more than Starlink

August 21, 2026 — James Ratzer, Russell Waller, Ben Rickett and Jeremy Ben-Nathan
Tele2 Q2 26: Caught by tricky competitive dynamics and no big cost out initiatives

July 16, 2026 — Russell Waller
Tele2 has underperformed the sector by c15% since its FY26 peak – we don’t think that is warranted

June 5, 2026 — Russell Waller
Tele2 Q1 26: Good results, but no guidance upgrade

April 22, 2026 — Russell Waller

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