NEW YORK and STOCKHOLM, Sweden, May 16, 2002 (PRIMEZONE) -- Tele2 AB, ("Tele2," "the Group") (Nasdaq:TLTOA) (Nasdaq:TLTOB) (Stockholmsborsen: TEL2A) (Stockholmsborsen:TEL2B), the leading alternative pan-European telecommunications company, today announces that the Swedish Administrative Court of Appeal has decided not to grant inhibition of the Stockholm County Administrative Court's ruling in the case against Telia regarding payment principles for interconnection. The decision was that Telia is liable for payments regarding traffic transited via their network ("Cascade Accounting") at certain tariff rates.
Tele2 AB, formed in 1993, is the leading alternative pan-European telecommunications company offering fixed and mobile telephony, data network and Internet services under the brands Tele2, Tango and Comviq to 15.8 million people in 21 countries. Tele2 operates Datametrix, which specializes in systems integration, 3C Communications, operating public pay telephones and public Internet services; Transac, providing billing and transaction processing service; C3, offering co-branded pre-paid calling cards and Optimal Telecom, the price-guaranteed residential router device. The Group offers cable television services under the Kabelvision brand name and together with MTG, owns the Internet portal Everyday.com. The Company is listed on the Stockholmsborsen, under TEL2A and TEL2B, and on the Nasdaq Stock Market under TLTOA and TLTOB.
-0- Tele2 AB Lars-Johan Jarnheimer, President and CEO + 46 8 5626 4000 Hakan Zadler, CFO +46 8 5626 4000 Andrew Best, Investor and Media Relations +44 20 7321 5010 www.tele2.com