BMI View: The Swedish telecommunications market remains saturated with very little organic growth
prospects in the mobile market. Operators are looking to migrate customers onto premium services such as
LTE-Advanced, fibre and connected devices to sustain their revenue streams. This need for diversification
from legacy products has driven M&A activity, with Com Hem acquiring Boxer to increase its penetration
of detached housing, and Tele2 buying TDC Sweden to improve its business offering in H216. However,
bundling remains a minor part of the market as consumers prefer the flexibility of stand-alone services.
Looking ahead, we see mobile carriers actively deploying their 4G+ LTE-Advanced networks as they
prepare for a 5G launch.