TeliaSonera in negotiations to acquire LMT in Latvia

TeliaSonera AB, the leading telecommunications company in the Nordic and Baltic
region, has on August 20, 2007, signed a Memorandum of Understanding with the
Republic of Latvia and the management buyout consortium of Lattelecom to
increase TeliaSonera's shareholding in the leading mobile operator Latvijas
Mobilais Telefons SIA (LMT) in Latvia, to 100 percent from 60.27 percent, and to
divest TeliaSonera's 49.0 percent holding in the Latvian fixed line operator SIA
Lattelecom (Lattelecom).

Under such a transaction, TeliaSonera would acquire the Republic of Latvia's
28.0 percent and Lattelecom's 23.0 percent shareholdings in LMT, increasing
TeliaSonera's direct shareholding to 100 percent. Simultaneously, TeliaSonera
would sell its 49.0 percent holding and the Republic of Latvia its 51.0 percent
holding in Lattelecom, to the management buyout consortium of Lattelecom. 

Any transaction is subject to final agreements between the parties on terms and

For further information journalists can contact:
TeliaSonera AB, +46-(0)8-713 58 30

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occur in the future. There can be no assurance that actual results will not
differ materially from those expressed or implied by these forward-looking
statements due to many factors, many of which are outside the control of

TeliaSonera is the leading telecommunications company in the Nordic and Baltic
region, with strong positions within mobile communications in Eurasia, Turkey
and Russia. At the end of 2006, TeliaSonera launched mobile services in Spain.
We provide reliable, innovative and easy-to-use services for transferring and
packaging voice, images, data, information, transactions and entertainment. In
2006, TeliaSonera's net sales amounted to SEK 91 billion, and at the end of
March 2007 the total number of customers exceeded 100 million in 15 countries.
The TeliaSonera share is listed on the Stockholm Stock Exchange and the Helsinki
Stock Exchange, and the company is included in the Dow Jones Sustainability
Index. Simplicity and service are important tools for us in creating profitable
growth and value for our customers and shareholders. Read more at