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 PRESS RELEASE

[Communiqué de presse] Le Groupe iliad enregistre une croissance soute...

[Communiqué de presse] Le Groupe iliad enregistre une croissance soutenue conjuguée à une forte hausse de la rentabilité   Communiqué de presse           Paris, le 14 novembre 2024 à 08h00 Le Groupe iliad enregistre une croissance soutenue conjuguée à une forte hausse de la rentabilité communication financière Au 3ème trimestre 2024, le Groupe iliad conserve sa place de leader européen en termes de croissance des revenus1 : au cours des neuf premiers mois de l’année, le chiffre d’affaires du Groupe a progressé de 9,7%2 à 7,5 milliards d’euros. 1,7 mill...

Stefan Gauffin
  • Stefan Gauffin

Tele2 (Buy, TP: SEK120.00) - 9% sustainable dividend yield

We have made limited estimate revisions on sales and EBITDA following the Q3 report. With net debt below the company’s target (2.5–3x), we believe Tele2 will return to paying a special dividend in 2025e, where we forecast a 9% dividend yield. We reiterate our SEK120 target price and have upgraded to BUY (HOLD).

 PRESS RELEASE

[Press Release] iliad SA successfully issues inaugural €500 million gr...

[Press Release] iliad SA successfully issues inaugural €500 million green bond Press release         Paris, October 22, 2024 iliad SA successfully issues inaugural €500 million green bond Financial releaseToday, iliad SA successfully placed a €500 million green bond issue. The bonds mature in just over five years, paying interest at 4.25% per year. This transaction, announced for a maximum amount of €500 million, met with very strong investor demand (with a final demand of over €1.5 billion), enabling the Group to take advantage of the improved market conditions and to refinance p...

 PRESS RELEASE

[Communiqué de presse] iliad SA émet avec succès un emprunt obligatair...

[Communiqué de presse] iliad SA émet avec succès un emprunt obligataire vert inaugural de 500 millions d’euros Communiqué de presse                                     Paris, le 22 octobre 2024 iliad SA émet avec succès un emprunt obligataire vert inaugural de 500 millions d’euros communication financièreiliad SA a placé ce jour avec succès une émission obligataire verte (« Green Bond ») de 500 millions d'euros. Cet emprunt présente une maturité légèrement supérieure à 5 ans et un coupon annuel de 4,25%. Cette trans...

ABGSC Telecom Operators Research ... (+4)
  • ABGSC Telecom Operators Research
  • Oscar Rönnkvist
  • Øystein Elton Lodgaard
  • Simon Granath
Russell Waller
  • Russell Waller

Tele2 (Neutral, TP: SEK 109, -2%) Q3 24: A slightly weak set of numbe...

Tele2 has reported a slightly weak set of Q3 numbers with end-user SR -1.0% light of consensus expectations, and EBITDAaL -0.8% light, and EFCF -16% light (thanks to NWC and tax). All guidance has been reiterated

ABGSC Telecom Operators Research ... (+4)
  • ABGSC Telecom Operators Research
  • Oscar Rönnkvist
  • Øystein Elton Lodgaard
  • Simon Granath
 PRESS RELEASE

[Press Release] iliad SA launches a tender offer on its existing bonds...

[Press Release] iliad SA launches a tender offer on its existing bonds maturing in April 2025 and June 2026 and intends to issue new Euro denominated senior unsecured green bonds   NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. Press release                                                                                 Paris, October 21, 2024 iliad SA launches a tender offer on its existing bonds maturing in April 2025 and June 2026 an...

 PRESS RELEASE

[Communiqué de presse] iliad SA lance une offre de rachat sur ses obli...

[Communiqué de presse] iliad SA lance une offre de rachat sur ses obligations venant à échéance en avril 2025 et en juin 2026 et prévoit d’émettre des obligations vertes seniors non garanties libellées en euros NE PAS REMETTRE, PUBLIER OU DISTRIBUER, DIRECTEMENT OU INDIRECTEMENT, AUX ETATS UNIS D'AMERIQUE OU DANS TOUTE AUTRE JURIDICTION OÙ UNE DIFFUSION DU PRÉSENT COMMUNIQUÉ SERAIT ILLÉGALE. Communiqué de presse                                                                   Paris, le 21 octobre 2024 iliad SA lance une offre de rachat sur ses obligations venant à échéance en avr...

ABGSC Telecom Operators Research ... (+4)
  • ABGSC Telecom Operators Research
  • Oscar Rönnkvist
  • Øystein Elton Lodgaard
  • Simon Granath
ABGSC Telecom Operators Research ... (+4)
  • ABGSC Telecom Operators Research
  • Oscar Rönnkvist
  • Øystein Elton Lodgaard
  • Simon Granath
ABGSC Telecom Operators Research ... (+4)
  • ABGSC Telecom Operators Research
  • Oscar Rönnkvist
  • Øystein Elton Lodgaard
  • Simon Granath

Awaiting Freya actions

Q3e: underlying EBITDAaL growth of 4% on tougher pricing comps. Limited underlying revisions, but inserting '24e EO dividend of SEK 1. Triggers exist, and we still favour Tele2 vs.Telia, but keep HOLD.

Stefan Gauffin
  • Stefan Gauffin

Tele2 (Hold, TP: SEK120.00) - Down to HOLD on strong performance

Tele2’s share price is up ~36% YTD and we believe it is time for investors to take a breather. We are marginally below consensus for Q3e and we believe expectations from the effect of iliad as a new owner is reflected in the share price. Thus, we have downgraded to HOLD (BUY) and raised our target price to SEK120 (115).

ABGSC Telecom Operators Research ... (+4)
  • ABGSC Telecom Operators Research
  • Oscar Rönnkvist
  • Øystein Elton Lodgaard
  • Simon Granath
 PRESS RELEASE

[H1 Results Press Release] iliad Group now ranks among the top five Eu...

[H1 Results Press Release] iliad Group now ranks among the top five European telcos PRESS RELEASE Paris, August 29, 2024, 8:00 a.m. iliad Group now ranks among the top five European telcos Financial release   iliad Group now ranks among the top five European telcos thanks to its continued growth. In the first half of 2024, the iliad Group maintained its growth leadership in Europe, with revenues up 10.3%1. We recorded 1,318,000 new Mobile and Fixed-line subscribers during the period (621,000 in the second quarter). This high level of growth significantly boosted the Group's pr...

 PRESS RELEASE

[Communiqué de presse - Résultats Semestriels] Le Groupe iliad entre d...

[Communiqué de presse - Résultats Semestriels] Le Groupe iliad entre dans le top 5 des opérateurs télécoms européens COMMUNIQUE DE PRESSE            Paris, le 29 août 2024 à 08h00   Le Groupe iliad entre dans le top 5 des opérateurs télécoms européens communication financière   Le Groupe iliad entre dans le top 5 des opérateurs télécoms européens grâce à la poursuite de sa croissance. Au cours du 1er semestre 2024, le Groupe iliad a maintenu son leadership de croissance en Europe avec un chiffre d’affaires en hausse de 10,3%1. Le Groupe a enregistré 1 318 000 abonnés nouveaux a...

Tele2 AB: 2 directors

A director at Tele2 AB bought 6,531,199 shares at 97.550SEK and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...

ABGSC Telecom Operators Research ... (+4)
  • ABGSC Telecom Operators Research
  • Oscar Rönnkvist
  • Øystein Elton Lodgaard
  • Simon Granath
Stefan Gauffin
  • Stefan Gauffin

Tele2 (Buy, TP: SEK115.00) - Meeting the guidance

With a solid H1 report, we believe Tele2 is about to reach the upper end of its 2024 guidance on service revenue and EBITDA, and that the solid balance sheet offers room for a special dividend. We reiterate our BUY and SEK115 target price.

Russell Waller
  • Russell Waller

Tele2 (Neutral, TP: SEK109, +4%) Q2 24: A solid set of numbers, guid...

Tele2 has reported a solid set of Q2 numbers with end-user SR +0.4% ahead of consensus expectations, and EBITDAaL -0.3% light. All guidance has been reiterated. Guidance for 2025 implies some upside to consensus numbers, but visibility is low as beats will probably come from cost cutting as SR trends have been broadly stable for 2+ years.

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