STOCKHOLM, Sweden, June 26, 2003 (PRIMEZONE) -- The arbitral tribunal appointed in the redemption proceeding concerning the shares in Sonera Corporation initiated by TeliaSonera AB (Nasdaq:TLSN) (LSE:TLSNq) (Other OTC:SNEAF) (Other OTC:SNRAF), has on June 26, 2003 determined the redemption price to be five euro and seventy-eight cents (5.78 euro) per share and the interest to be paid on the redemption price from March 21, 2003 was set at five per cent (5.0%) per annum. It is estimated that the redemption price will be paid out in September 2003 at the latest.
Pursuant to chapter 14, section 21 of the Finnish Companies Act, the ownership of all shares in Sonera were transferred to TeliaSonera on March 21, 2003 upon TeliaSonera placing the guarantee approved by the arbitral tribunal for the payment of the redemption price including interest.
For further information journalists can contact: TeliaSonera's Press Office, phone +46 8 713 58 30
TeliaSonera, formed through a merger of Telia and Sonera in December 2002, is the leading telecommunications group in the Nordic and Baltic regions. TeliaSonera is listed on the Stockholm Exchange, the Helsinki Exchanges and Nasdaq Stock Market in the USA. Pro forma Net sales January-March 2003 amounted to 20 billion SEK (EUR 2.2 billion). The number of employees was 28,000.
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The following files are available for download:
http://www.waymaker.net/bitonline/2003/06/26/20030626BIT01000/wkr0001.doc
http://www.waymaker.net/bitonline/2003/06/26/20030626BIT01000/wkr0002.pdf