Tele2 AB Class B

TEL2 B: XSTO (SWE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Tele2 Earnings: Stagnant Swedish Revenue Needs a Revamp to Justify Valuation; Shares Overvalued

Javier Correonero

Oct 20, 2026

Tele2’s third-quarter results reinforce our view that while the company has become a much more cash-generative business, we’d need to see higher revenue growth to justify the current valuation.

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Tele2 AB Class B

Tele2 Earnings: Stagnant Swedish Revenue Needs a Revamp to Justify Valuation; Shares Overvalued

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