Investing.com -- Swedish telecom operator Tele2 (ST:TEL2b) AB is reportedly considering a sale of its wireless towers in the Baltic region. The sale, which includes towers in Estonia, Latvia, and Lithuania, could potentially garner around €500 million ($542 million), according to Bloomberg, citing individuals familiar with the situation.
In collaboration with Perella Weinberg Partners, Tele2 is exploring the potential divestment of this significant portion of its telecom infrastructure. The individuals, who requested anonymity due to the private nature of the information, indicated that a sale process has recently commenced. Private equity firms might show interest in this potential deal.
However, these discussions are still ongoing and may not necessarily lead to a transaction. When asked about the potential sale, a spokesperson for Tele2 stated that the company is "always investigating various opportunities to strengthen the business," but declined to provide further comments. A representative for Perella Weinberg also declined to comment on the matter.
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