S&P might upgrade Com Hem

S&P said it placed its BB long-term corporate credit rating on Com Hem Holding AB and BB issue ratings on the group's debt on CreditWatch with positive implications.

The agency said the CreditWatch placement follows the announcement that Tele2 and Com Hem have agreed to merge through a combination of cash and shares.

“We believe that after the acquisition Com Hem will be part of an enlarged and more diversified telecom operator with a likely stronger capital structure than Com Hem on a stand-alone basis,” S&P said in a news release.

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