Calyon acted as Arranger in a EUR 1 billion acquisition tranche and amendment of an existing EUR 2.1 billion facility on behalf of Tele2. The new total amount is EUR 3.1 billion. Tele2 is changing its strategy from MVNO* operations to ownership of infrastructure. Tele2 is one of Europe's biggest alternative telecommunications operators. It belongs to the Swedish investment fund Kinnevik. * Mobile Virtual Network Operator