Tele2 AB stock (SE0005190238): valuation metrics in focus after recent dividend and Q1 report

Tele2 AB shares on Nasdaq Stockholm continue to trade in the wake of the April Q1 2026 report and the May 2026 dividend, keeping valuation metrics and cash returns in focus for investors in Sweden and abroad.

Tele2 AB shares on Nasdaq Stockholm remain influenced by the companys April 2026 first-quarter earnings release and the subsequent May 2026 dividend payment, keeping attention on cash returns and valuation metrics for the Sweden-based telecom operator.

According to Nasdaq Stockholm data as of 06/05/2026, Tele2 ABs B share last traded at 93.70 SEK, with the stock listed under the ticker TEL2 B on the Swedish exchange.

The stock continues to trade as one of the established names on the Swedish market, giving investors in Sweden exposure to mobile and fixed telecommunications as well as broadband and related digital services.

For German investors following the name on secondary venues, Tele2 AB B is also quoted on platforms such as Tradegate in EUR, offering an additional access point alongside the primary Nasdaq Stockholm listing, though liquidity and spreads typically remain centered in Sweden.

Tele2 AB reported its most recent set of quarterly figures in late April 2026, giving the market an updated view of revenue, profitability, and cash generation ahead of the annual general meeting season in Sweden.

In an interim report published on 04/23/2026, Tele2 AB stated that total revenue for the first quarter of 2026 amounted to 7.63 billion SEK, compared with 7.48 billion SEK in the first quarter of 2025, with the figures provided in an English-language Q1 2026 report on the companys investor relations page.

In the same Q1 2026 release dated 04/23/2026, Tele2 AB reported underlying EBITDAaL of 2.53 billion SEK for the first quarter of 2026, versus 2.46 billion SEK in the corresponding period a year earlier, underscoring the importance of recurring service revenue and cost discipline for the group.

The Q1 2026 financial report dated 04/23/2026 also highlighted Tele2 ABs focus on Sweden and the Baltic countries as its main geographic markets, with mobile and fixed broadband product bundles at the core of the revenue mix.

Tele2 ABs management continues to emphasize mobile postpaid and fixed broadband services in Sweden as key earnings contributors, alongside business-to-business connectivity and wholesale arrangements.

In addition to the quarterly figures, the companys dividend policy and recent payout have been central to the investment case for the Stockholm-listed stock.

On 04/02/2026, Tele2 AB announced that the annual general meeting approved a dividend of 6.90 SEK per share for 2025, to be distributed in two tranches, according to a press release published on the companys investor relations website on that date.

The first tranche of the Tele2 AB dividend for 2025, amounting to 3.45 SEK per share, had an ex-dividend date in early May 2026, as outlined in the 04/02/2026 AGM and dividend communication to shareholders.

The second tranche of 3.45 SEK per share is scheduled for distribution later in 2026, giving Tele2 AB a total cash distribution of 6.90 SEK per share for the 2025 financial year, based on the dividend decision documented on 04/02/2026.

From a Swedish home-country perspective, the ongoing dividend program underscores Tele2 ABs positioning as a mature telecom player in the Stockholm equity market, with regular cash returns playing a notable role for domestic retail and institutional investors.

The stock price on Nasdaq Stockholm, when compared to the level of the full-year dividend linked to the 2025 financial year, gives investors a basis to assess the running dividend yield and compare it with other Swedish telecom and utilities shares.

For investors monitoring the stock across trading venues, liquidity, index inclusion and the Swedish krona exchange rate remain relevant when interpreting valuation metrics and performance.

As of: 05.06.2026

By the editorial team - specialized in equity coverage.

At a glance

• Name: Tele2 B
• Sector/industry: Telecommunications services
• Headquarters/country: Stockholm, Sweden
• Core markets: Sweden and Baltic region
• Key revenue drivers: Mobile and fixed broadband subscriptions, bundled telecom services, and business connectivity solutions
• Home exchange/listing venue: Nasdaq Stockholm (TEL2 B)
• Trading currency: SEK

Tele2 AB: core business model

Tele2 AB focuses on providing mobile, fixed broadband and associated digital communication services primarily in Sweden and the Baltic region, with revenues mainly generated from subscription-based consumer and business offerings.

Valuation metrics and multiples for Tele2 AB

With the 2025 dividend level now set and the Q1 2026 earnings out, investors often look at Tele2 AB through the lens of dividend yield and earnings-based multiples on the Swedish market.

Using the 93.70 SEK closing price on Nasdaq Stockholm as of 06/05/2026 and the approved total dividend of 6.90 SEK per share for the 2025 financial year reported in the 04/02/2026 AGM communication, Tele2 AB would reflect a trailing dividend yield of roughly 7.4 percent before any Swedish withholding tax or trading costs.

While exact forward earnings estimates vary by analyst, the Q1 2026 report dated 04/23/2026 provides the latest official profit metrics, which many market participants use as a starting point when deriving price-to-earnings and enterprise-value-to-EBITDA ratios for Tele2 AB.

As a telecom operator with a stable recurring revenue base, Tele2 AB is frequently evaluated by comparing its dividend yield and EBITDA-based valuation multiples with those of other European communications companies, though such comparisons depend on factors including leverage, growth prospects, and regulatory regimes in each market.

On the Swedish home market, Tele2 ABs investment profile is shaped by its mix of consumer and business subscriptions, spectrum holdings and network-sharing arrangements, all of which can influence how investors interpret valuation levels implied by the current share price.

Conclusion

Tele2 ABs latest share price on Nasdaq Stockholm, combined with the 2025 dividend of 6.90 SEK per share approved on 04/02/2026 and the Q1 2026 results published on 04/23/2026, keeps the focus on how investors balance income and valuation for the Swedish telecom stock.

The current level of the B share and the confirmed dividend stream support ongoing comparisons of Tele2 ABs valuation multiples with those of other European telecom operators, as market participants continue to monitor future earnings reports, capital-allocation decisions and competitive dynamics in the companys core Nordic and Baltic markets.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.