Tele2 Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

BATS-CHIXE:TEL2BS Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
10 Sep 25	SellSEK 38,295,000	Thomas Reynaud	Individual		230,000	SEK 166.50
19 May 25	BuySEK 632,025	Johan Gustafsson	Individual		4,500	SEK 140.45

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of TEL2BS?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	277,472	0.04%
General Public	273,005,689	39.3%
Institutions	421,106,666	60.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 53.38% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
21%	Freya Investissement Sas	145,847,084	SEK 27.7b	0%	no data
5.98%	BlackRock, Inc.	41,549,837	SEK 7.9b	0.44%	0.01%
3.28%	The Vanguard Group, Inc.	22,741,998	SEK 4.3b	0%	0.01%
2.74%	Swedbank Robur Fonder AB	19,016,433	SEK 3.6b	0%	0.27%
2.48%	Nordea Investment Management, AB	17,213,089	SEK 3.3b	0%	0.19%
1.94%	Handelsbanken Asset Management	13,443,486	SEK 2.6b	0%	0.49%
1.73%	J.P. Morgan Mansart Management Limited	12,000,000	SEK 2.3b	0%	1.2%
1.6%	Norges Bank Investment Management	11,101,937	SEK 2.1b	0%	0.01%
1.59%	Amundi Asset Management SAS	11,036,013	SEK 2.1b	0.07%	0.04%
1.05%	UBS Asset Management AG	7,293,481	SEK 1.4b	0%	0.01%
0.99%	Lansforsakringar Fondforvaltning AB	6,843,036	SEK 1.3b	0%	0.61%
0.89%	State Street Global Advisors, Inc.	6,158,732	SEK 1.2b	0%	no data
0.89%	Storebrand Asset Management AS	6,158,732	SEK 1.2b	0%	2.98%
0.85%	Avanza Fonder AB	5,928,770	SEK 1.1b	0%	1.18%
0.82%	Folketrygdfondet	5,700,679	SEK 1.1b	0%	0.66%
0.79%	Afa Försäkring tjänstepensionsaktiebolag	5,474,429	SEK 1.0b	0%	11.98%
0.71%	Dimensional Fund Advisors LP	4,938,566	SEK 937.8m	1.78%	0.01%
0.68%	Janus Henderson Group plc	4,737,910	SEK 899.7m	-8.77%	0.04%
0.67%	SEB Investment Management AB	4,675,862	SEK 888.0m	0%	0.16%
0.65%	Geode Capital Management, LLC	4,501,780	SEK 854.9m	2.07%	0.01%
0.58%	Société Générale Société anonyme	4,018,918	SEK 763.2m	0%	0.24%
0.43%	Eurizon Capital SGR SpA	3,007,107	SEK 571.1m	1.5%	0.1%
0.4%	Financiere de l'Echiquier	2,785,299	SEK 528.9m	0%	0.46%
0.33%	Fidelity International Ltd	2,261,132	SEK 429.4m	0.21%	0.02%
0.32%	Charles Schwab Investment Management, Inc.	2,198,797	SEK 417.6m	3.21%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/03/12 04:12
End of Day Share Price	2026/03/12 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tele2 AB (publ) is covered by 28 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ABG Sundal Collier
Jonathan Dann	Barclays
Maurice Patrick	Barclays