History
The history of the company began in the 1990s when the American-Swedish Millicom International Cellular established mobile network operators which provided D-AMPS services in various regions of Russia. In 2001 Millicom sold its Russian assets to the Swedish holding Tele2, which started implementing GSM services in its networks and moved them to their own brand.[10]
Tele2 started operations in Russia in 2003. Within the first two years of operation in the Russian market (2003–2004) Tele2 started providing services in 12 regions. In 2011 the number of Tele2 users exceeded 20 million.
On March 27, 2013 it was announced that the Swedish group Tele2 decided to sell its Russian subsidiary Tele2 Russia to the VTB Group.[11] On April 4 the deal was completed.[12][13]
On October 17, 2013 the VTB Group closed the selling of 50% of Tele2 Russia shares to a consortium of private investors holding the Rossiya Bank, including Yury Kovalchuk (the Chairman of the Board of Directors of the Rossiya Bank) and Alexei Mordashov (the Severstal co-owner), and also 5% of the shares were sold to Sogaz insurance group.[14][15][16]
On February 6, 2014 Rostelecom and Tele2 Russia signed a framed agreement on integration of mobile assets into the ownership capital of the joint venture (JV) T2 Rus Holding. This deal resulting in creation of a new federal high roller on the cellular market was completed within a year. According to the terms of the agreement, Rostelecom transferred its assets to the JV and became one of the stakeholders of the merged company. The joint venture was created on the basis of T2 Rus Holding (later renamed into T2 RTK Holding[7]), which owns all the operating companies of Tele2 Russia.
On March 28, 2014 the first stage of the deal on integration of Rostelecom mobile assets and creation of a new federal cell operator was completed.[17][18] Seven Rostelecom subsidiaries — Sky Link, Nizhny Novgorod Communications, Baikalvestcom, BIT, Volgograd GSM, ETK and AKOS-came under the operational and financial control of Tele2 Russia. Tele2 Russia also gained operational control over Rostelecom's mobile integrated assets (Eline GSM, Tambov GSM, Uralsvyazinform, Dalsvyaz) through RT-Mobile, an affiliate of Rostelecom, established on April 1, 2014. As a result, Rostelecom became the joint venturer with a share in the authorized capital of 45% in votes and 26% of economic share.
On August 5, 2014 earlier than scheduled, Rostelecom completed the second and final stage of the deal with Tele2 Russia to create a new federal mobile operator, having transferred 100% of the shares of its affiliate RT-Mobile to the joint venture (JV). As part of the reorganization, Rostelecom's integrated mobile assets were allocated to RT-Mobile and also the licenses were reissued for the company. The deal resulted in transfer of all Rostelecom's mobile assets to the JV. Consequently, Rostelecom became the joint venturer with a share in the authorized capital of 45% in votes and 45% of economic share, and Tele2 Russia represented by the newly established T2 RTK Holding gained a share in the authorized capital of 55% in votes and 55% of economic share, meaning that Tele2 Russia took control over the joint venture. Thus, it was the completion of creation of a national mobile operator with a wide range of licenses and frequencies throughout the country (including 3G and LTE), which was present in 64 regions and had a significant share of 16% on the cellular market, provided by more than 38 million mobile subscribers.[19]
On June 16, 2015 the mobile operator completed their corporate restructuring by associating 33 operational companies of the holding to its main structure T2 Mobile. The restructuring neither required financial contributions nor left jobcut behind it. As a result, the number of legal bodies within the structure of Tele2 Russia was fairly reduced. The parent company is T2 RTK Holding, and its wholly owned subsidiary Т2-Mobile undertakes business operations under the “Tele2” brand.[20]
On February 12, 2020 Rostelecom entered into a legally binding agreement on purchasing of 55% of T2 RTK Holding shares with VTB Bank and a consortium of investors. The settlement and transfer of ownership as part of the 100%-share consolidation transaction was completed on March 16, 2020.[21][22]
On September 4, 2024, the company rebranded and changed its name to "t2".[23][24]