Tele2 (TEL2.SE) is one of the largest telecommunications operators in Europe, providing fixed and mobile services to more than 17 million customers in 10 countries. It was founded by Jan Stenbeck in 1993 and went public in 1996 on the Stockholm Stock Exchange. Tele2 has an impressive market cap of over 60B SEK, making it one of the largest telecommunications firms in Europe.
As a trader, this stock may represent an attractive opportunity to capitalize on the sector’s growing presence in Europe. Analysts have noticed that Tele2 offers low-cost and competitive services which could be beneficial when considering investing.
Tele2 (TEL2.SE) has been on an impressive uptrend over the last 5 years, with its highest price being SEK kr 153.95 on 21st Feb 2020 and its lowest price hitting SEK kr 85.10 on 30th December 2022. After that low though, the stock has seen quite a bit of movement and as of Jun 2023, is trading at SEK kr 93.70.
By monitoring the price closely and making well-informed decisions, traders may be able to capitalize on any potential uptrends that arise in the future.
Tele2 (TEL2.SE) is a telecommunications company based in Sweden, providing mobile services, fixed broadband and telephony, data network services, content services and global M2M/IoT solutions to millions of customers.
In the telecoms space, its major competitors include Telia Company (TLEA.SE), Telenor (TEL.NO) and 3 Sweden (TRE.ST). These companies offer similar services in the telecoms space but have different strategies for reaching their customers.
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