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4-Traders Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Tele2 AB    TEL2 B   SE0005190238

TELE2 AB (TEL2 B)
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Tele2 : IoT enters Gartner's Magic Quadrant for Managed M2M Services Worldwide - Tele2

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11/10/2017 | 11:20am CET

In the last three years Tele2 IoT has grown with more than 80 percent annually, currently has 150 employees and customers with devices in 160 countries. This year, Tele2 IoT was included in the October 2017 Gartner Magic Quadrant for Managed M2M Services, Worldwide.

Rami Avidan, CEO Tele2 IoT, comments: "We believe that Gartner's inclusion of us in the quadrant is a proof point of us delivering on our IoT strategy with the vision to become the orchestrator of a smarter world. We also see this as a recognition of our unique offer in the IoT market".

When assessing Tele2's IoT services, Gartner looked at two key areas:

* Completeness of vision - market understanding, marketing strategy, sales strategy, offering (product) strategy, business model, vertical/industry strategy, innovation and geographic strategy

* Ability to execute - product or service offering, overall viability, sales execution/pricing, market responsiveness/record, marketing execution, customer experience and operations

Based on the evaluation, Gartner positioned Tele2 IoT the highest for Ability to Execute in the Niche Players quadrant.

Gartner subscribers can access the report here:https://www.gartner.com/doc/3818464/magic-quadrant-managed-mm-services

Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

For more information, please contact:

Angelica Gustafsson, Head of Public Relations, Tele2 AB, Phone: +46 704 26 41 42

Erik Strandin Pers, Head of Investor Relations, Tele2 AB, Phone: +46 733 41 41 88

TELE2'S MISSION IS TO FEARLESSLY LIBERATE PEOPLE TO LIVE A MORE CONNECTED LIFE. We believe the connected life is a better life, and so our aim is to make connectivity increasingly accessible to our customers, no matter where or when they need it. Ever since Jan Stenbeck founded the company in 1993, it has been a tough challenger to the former government monopolies and other established providers. Tele2 offers mobile services, fixed broadband and telephony, data network services, content services and global IoT solutions. Every day our 17 million customers across 8 countries enjoy a fast and wireless experience through our award winning networks. Tele2 has been listed on the NASDAQ OMX Stockholm since 1996. In 2016, Tele2 had net sales of SEK 28 billion and reported an operating profit (EBITDA) of SEK 5.3 billion. For definitions of measures, please see the last pages of the Annual Report 2016. Follow @Tele2group on Twitter for the latest updates

.

(C) 2017 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials ( SEK)
Sales 2017 31 417 M
EBIT 2017 2 856 M
Net income 2017 1 575 M
Debt 2017 11 205 M
Yield 2017 4,05%
P/E ratio 2017 33,93
P/E ratio 2018 24,17
EV / Sales 2017 2,09x
EV / Sales 2018 2,07x
Capitalization 54 375 M
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Mean consensus HOLD
Number of Analysts 24
Average target price 97,6  SEK
Spread / Average Target -9,4%
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Managers
NameTitle
Allison Kirkby President & Chief Executive Officer
Michael William John Parton Chairman
Per Lars Nordmark Chief Financial Officer & Executive Vice President
Carla M. S. Smits-Nusteling Independent Non-Executive Director
Lorenzo Grabau Independent Non-Executive Director
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