Shearman & Sterling advised Tele2 in connection with its approximately SEK 3 billion (approx. €300 million) rights issue. The shares were offered to the public in Sweden, the UK, Ireland, Denmark, Norway and Finland.
Tele2 is a European telecom operator and the second-largest operator in Sweden in terms of mobile service revenue. Tele2 offers mobile services, fixed broadband and telephony, data network services, content services and global Internet of Things solutions to more than 16 million customers in eight European countries and Kazakhstan.
The Shearman & Sterling team below included associates Ana Grbec, Sarah Moir-Porteous and Catherine Sum.