Acquisitions and divestments

In 2010, Tele2 acquired all shares in BBned, a Dutch provider of fixed telephony and broadband services in the retail, business and wholesale segment, 51 percent in the mobile operator NEO in Kazakhstan, with a 900 MHz GSM license, the remaining 50 percent in the Swedish company Spring Mobil and the remaining shares in Rostov in Russia, after which Tele2 owns 100 percent of its Russian operations. During 2010, Tele2 has also contributed capital to its joint ventures.

In 2010, Tele2 divested its 32.5 percent ownership in the joint venture Plusnet in Germany and at the same time Tele2 made an early termination of the joint venture agreement.

Further information can be found in Note 17.