Tele2 divest Tele2 Denmark to Telenor for approximately MSEK 1,025

Stockholm - Tele2 AB, ("Tele2"), (Stockholm Stock Exchange: TEL2 A
and TEL2 B), Europe's leading alternative telecom operator, today
announced that it has sold its Danish operations including fixed,
broadband and mobile businesses to Telenor. Telenor will pay in cash
approximately MSEK 1,025. Completion is expected end of June
following approval from Danish Competition Authorities.

Tele2 has built a strong operation in Denmark. However, as the market
evolves and competition increases it has become evident that there is
a need for a more infrastructure based approach both when it comes to
broadband and mobile services. Hence, Tele2 has decided to exit
Denmark and continue with the strategy to concentrate its operations
to markets with expectations of higher returns.

At the end of 2006, Tele2 Denmark had according to National IT &
Telecom Agency 75,000 broadband customers, 206,000 fixed telephony
customer and 227,000 mobile telephony customers of which 100,000
post-paid. In 2006 the Danish business had revenues of MSEK 1,695 and
EBITDA of MSEK 68. The Tele2 employees in Denmark will become part of
the Telenor group in Denmark. The transaction will have a positive
one time effect on Tele2 of approximately MSEK 400-500.

Lars-Johan Jarnheimer, President and CEO of Tele2, comments: "Our
Danish operation has been successful. However, as competition
increases and there is a need for more infrastructure based
operations we have decided to hand over the baton to Telenor. This
will enable Tele2 to focus on core operations with expectations of
higher return."
____________________________________________________________________
Further information can be obtained from:
Lars-Johan Jarnheimer, President and CEO Tele2 AB, Telephone: +46 8
5626 4000

Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79

Tele2 is Europe's leading alternative telecom operator Tele2's
mission is to provide cheap and simple telecoms for everyone in
Europe. Tele2 always strives to offer the market's best prices. We
have 29 million customers in 22 countries. Tele2 offers fixed and
mobile telephony, broadband, data network services and cable TV. Ever
since Jan Stenbeck founded the company in 1993, it has been a tough
challenger to the former government monopolies and other established
providers. Tele2 has been listed on OMX Nordic Exchange since 1996.
In 2006 we had operating revenue of SEK 50.3 billion and we
reported a operating profit (EBITDA) of SEK 5.7 billion.