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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 partners with Uniti to enable Uniti's electric car journey

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11/10/2017 | 08:19am CEST

Uniti Sweden AB (publ) and Tele2 IoT  have signed a collaboration partnership agreement, where Tele2 IoT will provide connectivity, platforms and advisory services essential for Uniti's electric car journey.

Uniti is a Swedish company developing an electric city car. The car is optimized for high performance and agility in urban environments, with a user experience that replaces "press and pull" with "touch and swipe". Holistic safety, sustainability, and scalability in manufacturing are the primary focus areas, enabled by the recyclable carbon fibre body and organic composite interior. Unveiling in 2017, with first deliveries planned for 2019, the aim is to change the future of urban mobility.

Tele2 IoT will provide secure and reliable connectivity solutions to each Uniti car. Data will be used to provide a unique and inspiring user experience trough for example diagnostics and infotainment.

"Uniti is a new driving experience which will result in a solid consensual discovery relationship with the users. These personal relationships will enable Uniti to become the first consumer electronics / vehicle company. The synergies in vision, culture and strategy shared between Tele2 IoT and Uniti are substantial. We are extremely happy to embark on a journey to change the world in this partnership with Tele2 IoT" says Lewis Horne, CEO of Uniti Sweden, AB

"One of the many exciting reasons that makes Tele2 IoT a great company is the fact that we are doing our share in making a significant difference for sustainability and our environment. Electric vehicles will make a difference in reducing carbon emissions and it is partners like Uniti that make us proud to do our jobs every day."

För mer information, vänligen kontakta:
Angelica Gustafsson, PR-chef, Tele2 AB, tel: +46 704 26 41 42
Erik Strandin Pers, IR-chef , Tele2 AB, tel: +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 9 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.

http://news.cision.com/tele2-ab/r/tele2-iot-partners-with-uniti-to-enable-uniti-s-electric-car-journey,c2387552

(c) 2017 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
UNITI -7.84% 3.76 Real-time Quote.-2.34%
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Financials ( SEK)
Sales 2018 27 671 M
EBIT 2018 3 929 M
Net income 2018 2 333 M
Debt 2018 9 912 M
Yield 2018 4,27%
P/E ratio 2018 23,12
P/E ratio 2019 18,95
EV / Sales 2018 2,28x
EV / Sales 2019 2,14x
Capitalization 53 276 M
Chart TELE2 AB
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Mean consensus HOLD
Number of Analysts 17
Average target price 106  SEK
Spread / Average Target -1,6%
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Managers
NameTitle
Allison Kirkby resident & Group Chief Executive Officer
Michael William John Parton Chairman
Per Lars Nordmark Group CFO & Executive Vice President
Carla M. S. Smits-Nusteling Independent Non-Executive Director
Irina Hemmers Independent Non-Executive Director
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