Tele2 is Ranked the World's Fourth Fastest Growing Publicly Traded Telecom/IT Company


NEW YORK and STOCKHOLM, Sweden, June 19, 2002 (PRIMEZONE) -- Stockholm Tele2 AB, ("Tele2", "the Group") (Nasdaq:TLTOA) (Nasdaq:TLTOB) and (Stockholmsborsen:TEL2A) (Stockholmsborsen:TEL2B), the leading alternative pan-European telecommunications company, today announces that Tele2 is the world's fourth fastest growing telecom/IT company, according to the well respected American business magazine, Business Week, in its yearly ranking of publicly traded telecom/IT companies, "The Information Technology 100."

Tele2 was ranked 91st among the world's top 200 publicly traded telecom/IT companies.

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 15,9 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; C(3), 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.

CONTACTS:Tele2 AB


Lars-Johan Jarnheimer                    Telephone: + 46 8 562 640 00
President and CEO, Tele2 AB              
                                         
Hakan Zadler                             Telephone: +46 8 562 640 00
CFO                                      
                                         
Andrew Best, Investor Relations, London  Telephone: +44 7798 576378

Visit our web site at www.tele2.com

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