Tele2 Said to Weigh €500 Million Sale of Baltic Mobile Towers

Swedish telecom operator Tele2 AB is weighing a sale of its wireless towers in the Baltics, which could fetch about €500 million ($542 million), according to people with knowledge of the matter.

Tele2 is working with Perella Weinberg Partners on the potential divestment of its telecom towers portfolio in Estonia, Latvia and Lithuania, said the people, who asked not to be identified as the information is private. A sale process has kicked off recently and private equity firms could be potentially interested, the people said.