In a press release today the company announced that “the costs are not justified by the limited benefits of remaining listed on Nasdaq.” Of Tele2’s total traded volume during 2004, less than 0.1% was at Nasdaq.
Tele2’s final trading day on the Nasdaq will be on April 8, 2005. The decision does not affect the listing of Tele2’s A and B shares on Stockholmsbörsen.
Tele2 was founded in 1993 bythe late Jan Stenbeck and has been listed on Stockholmsbörsen since 1996. Tele 2 was first listed on Nasdaq in 1997.