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    TEL2 B   SE0005190238

TELE2 AB

(TEL2 B)
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Tele2 AB Announces Tele2 IoT Enables Electric Vehicle Wireless Charging on the Move Through A New Agreement with Elonroad

11/25/2021 | 08:30am EST

Tele2 AB (publ) announced that Tele2 I is tataking a step forward in the field of electric vehicle charging infrastrucre and towards a sustainable a automotive industry by providing connection of equipment to Elonroad, which has developed technology for electric roads where electric vehicles can be charged while driving. [Stefan Trampus EVP B2B at Tele2 and Karin Ebbinghaus CEO Elonroad] Elonroad, a startup based in Lund, Sweden, has developed a solution in the form of an electric road where all kinds of electric vehicles - cars, buses, and trucks - regardless of manufacturer, can be charged while they are driving. With more and more electric vehicles on the roads, charging while driving will reduce bottlenecks and also enable smaller batteries. The solution consists of a rail that is integrated with the road by being installed directly on the asphalt. The rails can withstand all weather conditions and short rail segments are driven individually, which provides a high level of safety. Through 2CONTROL, Tele2 IoT's platform for managing connected devices, Elonroad will be able to monitor and manage its IoT subscriptions. Elonroad's service includes an integrated control system for individual measurement of each vehicle's usage and can also analyze road conditions, such as where there are potential hazards, which can then be communicated to prevent accidents.


© S&P Capital IQ 2021
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Financials
Sales 2021 26 797 M 2 914 M 2 914 M
Net income 2021 4 220 M 459 M 459 M
Net Debt 2021 29 708 M 3 231 M 3 231 M
P/E ratio 2021 22,5x
Yield 2021 6,78%
Capitalization 91 449 M 9 963 M 9 945 M
EV / Sales 2021 4,52x
EV / Sales 2022 4,46x
Nbr of Employees 4 528
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Number of Analysts 21
Last Close Price 132,50 SEK
Average target price 144,00 SEK
Spread / Average Target 8,68%
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Managers and Directors
Kjell Morten Johnsen President & Chief Executive Officer
Charlotte Hansson Chief Financial Officer & Executive Vice President
Carla M. S. Smits-Nusteling Chairman
Yogesh Sanjeev Malik EVP, Chief Technology & Information Officer
Kim Hagberg Chief Operating Officer & Executive Vice President
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