Swedish telecom operator Tele2 AB takes EUR 194 million loan from NIB for its merger with TV and broadband provider Com Hem

Photo: Com Hem

NIB and the Swedish telecom operator Tele2 AB have signed a SEK 2 billion (EUR 194 million) loan agreement to finance the company’s merger with TV and broadband provider Com Hem.

HELSINKI, 19-Dec-2018 — /EuropaWire/ — The eight-year maturity loan finances the merger of the telecommunications company Tele2 and Com Hem, a Swedish provider of TV, broadband and telephony services, to create a leading integrated connectivity provider.

The newly merged company will combine Tele2’s mobile network and Com Hem’s fixed network. The company will offer seamless connectivity and a range of digital services.

“Digitalisation is affecting the processes, consistency and quality of economic activity in NIB’s member countries. Improving the digital infrastructure and service offering helps to create opportunities for individuals, households and businesses”, says Henrik Normann, NIB President & CEO.

The merger was announced in January 2018 and completed in November 2018.

This is the fifth loan agreed between NIB and Tele2 AB since 1994. The latest loan was signed in 2016 to finance the expansion of the company’s 4G mobile network roll-out in Sweden and the Netherlands.

Com Hem is a Swedish provider of TV, high-speed broadband and telephony for private users and businesses. The company serves approximately 1.5 million customers through fibre networks and digital terrestrial networks.

Tele2 AB is a European telecom operator headquartered in Stockholm, Sweden. The company has about 17 million customers in eight countries. Tele2 offers mobile services, fixed broadband and telephony, data network services and content service.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact

Mr Tore Emanuelsson, Senior Manager, Origination, at +358 10 618 0239, tore.emanuelsson@nib.int

Ms Lisa-Maria Altenberger, Communications Unit, at +358 10 618 0234, lisa-maria.altenberger@nib.int

SOURCE: NIB