In this presentation, analysts Wictor Bodelind and Gustaf Tamm present an in-depth financial
analysis of Bahnhof AB, Sweden’s fastest growing telecom operator, positioning it as a
compelling target for potential transactions. Leveraging multiple valuation methodologies, a
preliminary assessment indicates an enterprise value in the range of SEK 4,750 – 5,600m. A
robust investment opportunity expected to appeal to a wide range of strategic investors and
financial sponsors.
Key takeaways:
● Bahnhof’s internet speeds outpace competitors by 16%, highlighting their
technological edge in the market
● Bahnhof is alone to have outgrown the telecom B2C market, despite its 6.5% CAGR
between 2018-2022
● The company’s low cyclicality, positive outlook, and potential for synergies make it a
compelling investment for investors of all types