Tele2
Tele2 is a Swedish telecommunications group providing mobile and fixed connectivity, broadband, television, streaming, telephony, data-network and Internet of Things services.
Last updated November 4, 2026
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Overview
Tele2 is a Swedish telecommunications company whose consumer and enterprise businesses span mobile communications, fixed broadband, telephony, television, streaming, data-network services and global Internet of Things connectivity. The group is headquartered in Kista Science City in Stockholm and is principally active in Sweden and the Baltic states of Estonia, Latvia and Lithuania. Its Swedish mobile operations are among the country's major network businesses, while its Baltic subsidiaries operate nationwide mobile networks and have introduced 5G services. The company's history is rooted in Kinnevik's effort to challenge incumbent telecommunications providers. The earliest predecessor was Comvik, launched in 1981 as an alternative mobile operator to Sweden's state-owned Televerket. Kinnevik later established Kabelvision, a cable-television business, in 1986 and Swipnet, one of Sweden's first commercial Internet service providers, in 1991. Comvik received a GSM licence in 1988, began GSM operations in 1992 and adopted the Comviq name. Following liberalisation of Sweden's telephone market, the Tele2 business began offering international calls in 1993. In 1997, the Tele2, Comviq and Kabelvision activities were brought together under a common brand structure: Tele2 for fixed services and Comviq for Swedish mobile services. Tele2 pursued international expansion during the late 1990s and 2000s through acquisitions and market entry across Europe and the former Soviet Union. It operated at various times in countries including Austria, Belgium, Croatia, Denmark, Finland, France, Germany, Italy, Kazakhstan, Luxembourg, the Netherlands, Norway, Poland, Portugal, Russia, Switzerland and the United Kingdom. Many of those businesses were later sold or exited as the group concentrated on markets where it could build stronger positions. Transactions included the sale of several western European businesses in 2007 and the disposal of its Russian operations in 2013. Tele2 also sold its Norwegian operations to Telia Company, its Croatian operation to United Group and its stake in T-Mobile Netherlands after that business merged with Tele2 Netherlands. In Sweden, the company increasingly combined network investment with infrastructure sharing. Tele2 and Telenor Sverige established Net4Mobility in 2009 to build and operate a shared mobile network. Tele2 launched commercial 4G services over the arrangement in 2010 and became Sweden's first operator to launch commercial 5G NR service in 2020. The company also participates in shared 3G infrastructure with Telia through SUNAB. In the Baltic markets, Tele2 has expanded LTE and 5G coverage, including spectrum deployments in Estonia, Latvia and Lithuania. A major domestic transformation occurred in 2018, when Tele2 merged with Com Hem, a Swedish provider of cable television, broadband and telephony. The combination broadened the group's consumer offering and strengthened its position in converged connectivity and entertainment. Com Hem's streaming product Comhem Play+ was opened to non-Com Hem customers in 2020 and was renamed Tele2 Play in 2022. Tele2's current strategy is focused on connectivity, digital entertainment, enterprise communications and IoT in Sweden and the Baltics rather than maintaining a broad pan-European footprint. Sustainability has also become a prominent corporate theme. Tele2's science-based net-zero target was approved by the Science Based Targets initiative in 2022, and the company subsequently received external recognition for its climate and sustainability work. In 2024, Kinnevik sold its remaining stake to Freya Investissement, an Iliad group company, changing Tele2's ownership structure while leaving Tele2 as an independently branded telecommunications operator.
History
Tele2 developed from a collection of Kinnevik-backed communications businesses created to compete with incumbent operators. Comvik began mobile operations in Sweden in 1981 and later became Comviq after receiving a GSM licence. Kabelvision entered cable television in 1986, while Swipnet began commercial Internet service activity in 1991. Telephone-market liberalisation enabled the Tele2 business to offer international calls from 1993. In 1997, the businesses were organised around the Tele2 and Comviq brands, with Tele2 used primarily for fixed services and Comviq for mobile services in Sweden. The group expanded internationally through acquisitions and new operations. Its historical footprint included much of northern, western and eastern Europe, as well as Russia and Kazakhstan. Tele2 subsequently sold or closed many of those activities, including operations in the United Kingdom, France, Italy, Austria, Croatia, Norway, Russia and the Netherlands. This retrenchment left Sweden and the Baltic states as the group's principal markets. Network sharing became central to Tele2's Swedish model. The company worked with Telia on shared 3G infrastructure through SUNAB and formed Net4Mobility with Telenor Sverige in 2009 for shared 4G infrastructure. Tele2 launched 4G commercially in 2010 and introduced commercial 5G in Sweden in 2020. Similar technology evolution occurred in Estonia, Latvia and Lithuania, where Tele2 operates mobile networks and has added 5G spectrum and services. The 2018 Com Hem merger expanded Tele2 beyond mobile and fixed telephony into a broader home-connectivity and entertainment proposition. Com Hem's streaming service was later renamed Tele2 Play. The company now serves consumers, businesses and connected-device users through mobile and fixed networks, television and streaming, enterprise communications, data-network services and IoT connectivity. In 2022, Tele2 received approval for a science-based net-zero target. In 2024, a change in Kinnevik's shareholding brought Freya Investissement, associated with Iliad, into the ownership structure.
- 2024
Ownership structure changes
[1]Kinnevik sells its Tele2 stake to Freya Investissement, an Iliad group company.
- 2022
Science-based net-zero target approved
[1]Tele2 becomes the first Nordic and Baltic company to have a science-based net-zero target approved by SBTi.
- 2020
Swedish 5G launch
[1]Tele2 becomes the first Swedish mobile operator to commercially launch 5G NR.
- 2018
Com Hem merger
[1]Tele2 combines with Com Hem, adding substantial television and fixed broadband capabilities.
- 2010
Swedish 4G service launches
[1]Tele2 commercially launches 4G services using the shared Net4Mobility infrastructure.
- 2009
Net4Mobility is formed
[1]Tele2 and Telenor Sverige create a shared mobile-network venture.
- 1997
Tele2 and Comviq brand structure is formed
[1]Tele2, Comviq and Kabelvision activities are brought together under a common brand arrangement.
- 1993
Tele2 begins Swedish telephone operations
[1]Tele2 starts offering international calls after Swedish telephone-market liberalisation.
- 1991
Swipnet launches
[1]Kinnevik establishes Swipnet, an early commercial Swedish Internet service provider.
- 1986
Kabelvision is established
[1]Kinnevik launches the cable-television predecessor Kabelvision.
Products and positioning
A challenger-oriented telecommunications brand offering mobile and fixed connectivity, digital entertainment and enterprise services, with a concentrated footprint in Sweden and the Baltic region.
Mobile telecommunications · 1993
Tele2 Mobile
Mobile voice, messaging and data services for consumers and businesses in Sweden, Estonia, Latvia and Lithuania. The offering has evolved from GSM and 3G services to nationwide 4G and increasingly broad 5G networks, supported by spectrum holdings and network-sharing arrangements in several markets.
Fixed connectivity
Tele2 Broadband
Fixed broadband and related home-connectivity services delivered through Tele2's Swedish network assets, including capabilities strengthened by the Com Hem combination. These services are commonly packaged with telephony and television.
Streaming and television · 2020
Tele2 Play
Tele2's television and streaming proposition. It developed from Com Hem's television activities and the Comhem Play+ service, which launched in 2020 and adopted the Tele2 Play name in 2022.
Internet of Things
Tele2 IoT
Connectivity and data-network services for connected devices and enterprise applications. The business supports organisations that need managed mobile connectivity and communications across distributed devices and locations.
Mobile telecommunications brand · 1988
Comviq
A Swedish mobile brand descended from Comvik and historically used alongside Tele2 in Sweden. Comviq received a GSM licence in 1988, began GSM operations in 1992 and became part of the wider Tele2 brand structure in 1997.
Brand decisions
2024
Change in ownership structureM&ABackground
Kinnevik decided to dispose of its remaining position in Tele2.
Action taken
The stake was sold to Freya Investissement, an Iliad group company.
Aftermath
The transaction changed Tele2's shareholder structure while the Tele2 brand and operating footprint remained focused on Sweden and the Baltic states.
2020
Launch commercial 5G in SwedenProduct launchBackground
Tele2 sought to move its Swedish mobile network from established 4G service toward next-generation connectivity.
Action taken
Tele2 commercially launched 5G NR service in Sweden.
Aftermath
The launch positioned Tele2 as an early Swedish 5G operator and enabled subsequent expansion of 5G coverage.
2018
Combine Tele2 with Com HemM&ABackground
The transaction was intended to combine mobile, fixed connectivity, television and telephony capabilities in the Swedish market.
Action taken
Tele2 merged with Com Hem and subsequently integrated the businesses under the Tele2 group.
Aftermath
The combination broadened Tele2's consumer proposition and supported the development of converged home and entertainment services.
Recent events
Reported
Tele2 launches sustainability strategy[3]
Tele2 launched a new sustainability strategy with four focus areas, which it said would be integrated throughout its operations, including Sweden and the Baltics.
Reported
Tele2 agrees to sell its German business[4]
Tele2 agreed to sell its German business to the unit's management team in a deal valuing the unit at €22.8 million.
Tele2 launches 5G base stations in Sigulda and Salacgriva[5]
Tele2 launched 5G base stations in Sigulda and Salacgriva, Latvia, and said its 5G network was available for commercial use in seven Latvian cities and towns.
Reported
Tele2 announces further operating-cost reductions[6]
Tele2 announced plans to reduce annual operating costs by another 1 billion Swedish kronor (about US$100 million) during the next three years. The company said savings would partly come from removing legacy IT systems and eliminating silos and duplicate functions; the cuts would mainly be realized in 2021 and 2022.
Reported
Tele2 reports fourth-quarter 2019 results[6]
Tele2 published results for the final quarter of 2019, reporting a 1% like-for-like fall in sales and a 10% increase in underlying earnings compared with the year-earlier period.
Sources6 sources
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