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    TEL2 B — Tele2 AB News Story

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    Citi sees five themes for Nordic telecoms for H2; places Telia on negative watch

    Picture of Tele2 AB logoTele2 AB
    12/09/2025 08:48
    ** Citigroup sees five key topics for Nordic telecoms companies in H2, keeping its top "buy" recommendations on Telenor TEL.OL and Tele2 TEL2b.ST, but placing Telia TELIA.ST on negative catalyst watch

** Telia's stock is down around 2%, Citi resumes with "neutral" citing guidance risk

** Overall on the sector, it says competitive dynamics shift, possible consensus upgrades and potential consolidation newsflow will remain as key focus for investors

** Aside those, shareholder returns will be in the spotlight as the year-end approaches, along with future growth levers, it says


    COMPANYNEW RATINGOLD RATINGNEW PTOLD PT
    Tele2BuyBuy185 SEK146 SEK
    TelenorBuyBuy190 NOK170 NOK
    TeliaNeutral-36 SEK-
    ElisaNeutralNeutral44 EUR44 EUR
    

 (Reporting by Agnieszka Olenska)

 ((Agnieszka.Olenska@thomsonreuters.com))

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