The Supreme Court rules Tele2 must pay SEK 500 million to TeliaSonera As The Supreme Court in Sweden on April 4, 2008, refused Tele2 leave to appeal, Tele2 must now, after a dispute of several years, pay approximately SEK 500 million to TeliaSonera. This ruling will have a positive impact of some SEK 500 million on TeliaSonera's cash flow when Tele2 makes the payment. The penalty interest included in the court decision will positively affect TeliaSonera's financial items in the first quarter, 2008, by approximately SEK 275 million. Having suffered setbacks at the District court and the Court of appeal, Tele2 turned to The Supreme Court to avoid paying the interconnection fees on which the Swedish National Post and Telecom Agency had issued a decision in the autumn of 2001. The interconnection fees relate to calls initiated in Tele2's network and terminated in TeliaSonera's fixed networks. Tele2 now has to pay TeliaSonera approximately SEK 500 million. It is still unclear when Tele2 will pay the amount, but after the decision issued by the District court on May 2, 2006, TeliaSonera requested the Senior Enforcement Officer to secure that Tele2 will be able to pay the amount. “It feels extremely good that this dispute, which has been ongoing for almost seven years, has now come to an end and that we will finally be paid for the service we have provided to Tele2,” says Björn Lindegren, Senior Legal Counsel, business area Broadband Services, TeliaSonera. The decision of The Supreme Court confirms the obligation of operators to comply with valid decisions and that penalty interest for delayed payment is to be based on unpaid interconnection fees. Interconnection is needed when a customer of one operator wishes to reach a person who is in another operator's network. The operator in whose network the call is initiated concludes an agreement with the receiving operator, which undertakes to switch the call to the desired number. The operator that receives traffic in its network charges an interconnection fee for its service. 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 9 am CET on April 11, 2008. For further information journalists can contact: TeliaSonera AB, +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 T TeliaSonera provides telecommunication services in the Nordic and Baltic countries, in Spain and the emerging markets of Eurasia, including Russia and Turkey. 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 18 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
The Supreme Court rules Tele2 must pay SEK 500 million to TeliaSonera
| Source: Telia Company AB