BUZZ-Tele2 hits July 2022 highs on planned cost cuts, upbeat guidance
** Shares in Tele2 TEL2b.ST are up 4.5% after the Swedish telecom operator announced job cuts and a better-than-expected 2025 outlook
** The group plans to cut more than 600 jobs in 2025 as it seeks to reduce costs and boost profitability
** J.P.Morgan notes that the cost transformation program appears much more ambitious than the Strategy Execution Plan which was presented at end-2023
** For the full year 2025, Tele2 guides for a low single-digit organic growth of end-user service revenue and a mid- to high single-digit organic growth of underlying EBITDAaL
** JPM attributes the EBITDAaL guidance beat to the new cost-cutting program and expects 2026 estimates to also increase
** The stock, on track for its best day in nine months, reaches its highest since July 2022
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