Press Release February 12, 2008 Privatization agreement of Azercell in Azerbaijan has been signed The agreement for the privatization process of the Republic of Azerbaijan's 35.7 percent ownership in Azercell Telekom B.M. (Azercell), the leading mobile operator in Azerbaijan, has been signed. The deal is pending certain closing procedures. Azertel A.S., the parent company of Azercell and a majority-controlled subsidiary of Fintur Holdings B.V. (Fintur), acquired the entire stake of the Republic of Azerbaijan. Azertel will thereby increase its ownership in Azercell to 100 percent. Fintur's effective ownership in Azercell remains at 51 percent. TeliaSonera's direct and indirect ownership in Fintur is 74 percent. TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 14:00 (CET) on February 12, 2008. For further information journalists can contact: TeliaSonera's Press Office +46-(0)8-713 58 30 Forward-Looking Statements Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will 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.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, we launched mobile services in Spain. We are the leading European provider of quality cross-border voice, IP and capacity services, provided through our wholly-owned international carrier network. In 2007, TeliaSonera's net sales amounted to SEK 96 billion, and at the end of December 2007 the total number of subscriptions exceeded 114 million in 17 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 www.teliasonera.com
Privatization agreement of Azercell in Azerbaijan has been signed
| Source: Telia Company AB