Latest news with #Tele2
Reuters
06-08-2025
- Business
- Reuters
Tele2 to form telecoms tower company in Baltic countries
COPENHAGEN, Aug 6 (Reuters) - Sweden's Tele2 ( opens new tab said on Wednesday it would form a telecoms tower company with Global Communications Infrastructure (GCI), backed by Manulife Investment Management, to roll out mobile and 5G services across the Baltic countries. Tele2 said in a statement the transaction valued the tower company at 560 million euros ($648.59 million) on a debt free basis and that the company expected cash proceeds of around 440 million euros. The new company will be based in Lithuania and will own around 2,700 telecom tower and rooftop sites in Estonia, Latvia and Lithuania, Tele2 said. ($1 = 0.8634 euros)
Wall Street Journal
17-07-2025
- Business
- Wall Street Journal
Tele2 Shares Jump After Earnings Guidance Raise
Tele2 TEL2.B 7.07%increase; green up pointing triangle shares climbed after the Swedish telecom company raised its full-year earnings guidance, supported by strong cost efficiencies. The Swedish telecom company now expects underlying earnings before interest, taxes, depreciation, amortization and leases to be slightly above 10% organic growth. This compares with a previous guidance of mid- to high single-digit organic growth.
Yahoo
12-06-2025
- Business
- Yahoo
Is Fortis (FTS) Stock Outpacing Its Utilities Peers This Year?
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Has Fortis (FTS) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out. Fortis is a member of the Utilities sector. This group includes 106 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Fortis is currently sporting a Zacks Rank of #1 (Strong Buy). Over the past 90 days, the Zacks Consensus Estimate for FTS' full-year earnings has moved 4.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving. Based on the latest available data, FTS has gained about 14.1% so far this year. Meanwhile, the Utilities sector has returned an average of 7.2% on a year-to-date basis. As we can see, Fortis is performing better than its sector in the calendar year. Tele2 (TLTZY) is another Utilities stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 49.4%. For Tele2, the consensus EPS estimate for the current year has increased 21.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy). To break things down more, Fortis belongs to the Utility - Electric Power industry, a group that includes 60 individual companies and currently sits at #64 in the Zacks Industry Rank. On average, this group has gained an average of 7.1% so far this year, meaning that FTS is performing better in terms of year-to-date returns. Tele2, however, belongs to the Wireline Non-US industry. Currently, this 3-stock industry is ranked #93. The industry has moved -23.8% so far this year. Fortis and Tele2 could continue their solid performance, so investors interested in Utilities stocks should continue to pay close attention to these stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fortis (FTS) : Free Stock Analysis Report Tele2 (TLTZY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
Are Utilities Stocks Lagging Centrica (CPYYY) This Year?
The Utilities group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Centrica PLC (CPYYY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question. Centrica PLC is a member of our Utilities group, which includes 106 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Centrica PLC is currently sporting a Zacks Rank of #2 (Buy). Within the past quarter, the Zacks Consensus Estimate for CPYYY's full-year earnings has moved 2.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. According to our latest data, CPYYY has moved about 25% on a year-to-date basis. In comparison, Utilities companies have returned an average of 9.3%. This means that Centrica PLC is performing better than its sector in terms of year-to-date returns. Another stock in the Utilities sector, Tele2 (TLTZY), has outperformed the sector so far this year. The stock's year-to-date return is 46.5%. For Tele2, the consensus EPS estimate for the current year has increased 21.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy). To break things down more, Centrica PLC belongs to the Utility - Gas Distribution industry, a group that includes 14 individual companies and currently sits at #32 in the Zacks Industry Rank. Stocks in this group have gained about 0.2% so far this year, so CPYYY is performing better this group in terms of year-to-date returns. Tele2, however, belongs to the Wireline Non-US industry. Currently, this 3-stock industry is ranked #2. The industry has moved -11.2% so far this year. Investors interested in the Utilities sector may want to keep a close eye on Centrica PLC and Tele2 as they attempt to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Centrica PLC (CPYYY) : Free Stock Analysis Report Tele2 (TLTZY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
05-05-2025
- Politics
- Yahoo
Mobile network and internet disruptions reported in Moscow amid Victory Day parade preparations
A significant rise in complaints about mobile network and internet outages has been observed in Moscow and the oblast. Source: Downdetector Details: Downdetector's data indicates that users most frequently report issues with the networks of Tele2, Beeline, MTS, Megafon and Yota. The Beeline provider advised Moscow residents to temporarily switch to Wi-Fi. Kremlin-aligned news agency TASS reported that internet access restrictions may be linked to heightened security measures ahead of the upcoming Victory Day, a Russian holiday commemorating the Soviet victory over Nazi Germany in 1945, celebrated on 9 May. Meanwhile, Moscow residents noted that the signal began to disappear precisely during the rehearsal of the air segment of the 9 May parade. Support Ukrainska Pravda on Patreon!
