, but with low risk and premium EFCF growth. Dividend yield is 5.4% vs peers 5.0%. ■ Catalysts: Q4 results 31-Jan-18, progress of Tele2-TMNL deal. Related DB Research: Tele2 and T-Mobile NL consolidation a positive (Khiroya) Price/month for iPhone contracts, total value split over 24 months 75 70 65 1 60 1 55