STOCKHOLM, Sweden, March 12, 2002 (PRIMEZONE) -- The Swedish Competition Authority announced today that it has approved the 3G network-sharing agreement between the competing mobile operators, Telia and Tele2, in the Swedish market. The Swedish Competition Authority's decision is an exemption, which is valid for five years.
"We are satisfied to have received a final go-ahead for the 3G network- sharing in Sweden," says Kenneth Karlberg, Executive Vice President, Telia AB, and CEO, Telia Mobile AB."Our jointly owned network company, Svenska UMTS-nat AB (Swedish UMTS-Net AB), is proceeding with the build- out of the network according to plan."
Telia and Tele2 will only cooperate on the network infrastructure. The two companieswill continue to compete in the Swedish market to capture future market shares.
Telia is the Nordic leader in telecommunications. Over the past year, we have streamlined the Group, focusing our core businesses making the company more flexible. Our four core businesses are: Mobile communications, Internet services, International carrier operations and Fixed network operations. Telia is listed on Stockholmsborsen. Sales 2001 totaled MSEK 57,196 and the number of employees was 17,149.
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