The merger between Tele2 and Com Hem is completed

November 5, 2018

Stockholm – The Swedish Companies Registration Office (“SCRO”) has today registered the merger between Tele2 AB (publ) (”Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B) and Com Hem Holding AB (publ) (“Com Hem Holding”). The merger between Tele2 and Com Hem Holding is thereby completed and Com Hem Holding has been dissolved.

SCRO’s registration of the merger completes the merger process from a legal perspective and all of Com Hem Holding’s assets and liabilities have been transferred to Tele2. The merged entity will maintain the company name Tele2 AB (publ) and will continue to have its registered office in Stockholm, Sweden.

Anders Nilsson is appointed President and CEO of Tele2 effective as of today, November 5, 2018. The previously announced members of the new Leadership Team of Tele2 also assume their roles today.

“I feel both happy and humble to lead Tele2 going forward, together with my new Leadership Team. Most of all, I am proud to lead such a strong organization with fearless and dedicated employees. Together, united as Tele2, we represent huge potential and will be able to offer significant benefits to Swedish individuals, households, businesses and our shareholders”, says Anders Nilsson, President and CEO of Tele2.

“Tele2 was already a fantastic company and it will become even stronger with our colleagues from Com Hem. We will continue to challenge and drive the development of new, smart and integrated services, while we fearlessly liberate people to live a more connected life”, Anders continues.

In connection with the registration of the merger, the SCRO has today registered the issue of 183,441,585 new shares of class B in Tele2 as merger consideration. Thus, Tele2 has in total 690,341,597 outstanding shares. Further, the SCRO has today registered Andrew Barron and Eva Lindqvist as new members of the Board of Directors of Tele2. The Board of Directors of Tele2 thus consists of Georgi Ganev, Carla Smits-Nusteling, Anders Björkman, Eamonn O’Hare, Sofia Arhall Bergendorff, Cynthia Gordon, Lars-Åke Norling, Andrew Barron and Eva Lindqvist.

Each share in Com Hem will be exchanged for 1.0374 new shares of class B in Tele2 and SEK 37.02 in cash. Com Hem shareholders will receive the Tele2 shares i.e. the non-cash merger consideration on November 7, 2018 and the cash merger consideration on November 7-8, 2018. Trading in the Tele2 share takes place as usual and will not be affected by the merger process.

For queries, please contact:                

Fredrik Hallstan, Head of PR
Tel: +46 (0)709 48 52 72

Marcus Lindberg, Head of Investor Relations 
Tel: +46(0)734 39 25 40 

About Com Hem Group
Com Hem Group supplies broadband, TV, play and telephony services to Swedish households and companies under its two brands Com Hem and Boxer. The Group also includes the communication operator iTUX Communication AB which provides open fibre to service providers. We bring our 1.45 million customers a large range of digital-TV channels and play services via set top boxes as well as on-the-go for tablets and smartphones. Our powerful and future-proofed network with speeds up to 1.2 Gbit/s, covers 60% of the country’s households, making the Com Hem Group an important driver of creating a digital Sweden. Com Hem Group was founded in 1983 and has approximately 1,100 employees. Com Hem Group is headquartered in Stockholm and in 2017, Group sales totalled SEK 7,136 million.