Tele2: files to deregister shares with SEC
(CercleFinance.com) - Tele2 said it filed a form to voluntarily deregister its common stock with the Securities and Exchange Commission (SEC).
In a statement, the Swedish telecom operator said the move is intended to reduce financial reporting complexity and administrative costs.
Tele2 expects the deregistration to be effective 90 days after the filing. As a result of the filing, the group's reporting obligations with the SEC will be immediately suspended.
Tele2's shares will continue to trade in Stockholm.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
In a statement, the Swedish telecom operator said the move is intended to reduce financial reporting complexity and administrative costs.
Tele2 expects the deregistration to be effective 90 days after the filing. As a result of the filing, the group's reporting obligations with the SEC will be immediately suspended.
Tele2's shares will continue to trade in Stockholm.
Copyright (c) 2019 CercleFinance.com. All rights reserved.