TeliaSonera enters new high-growth emerging markets

Press Release
September 26, 2008

TeliaSonera enters new high-growth emerging markets

TeliaSonera acquires controlling interests in two mobile operators, Spice Nepal
Private Limited in Nepal and Applifone Co Limited in Cambodia.

“One of our top priorities is to grow our business in Eurasia, where we have
successfully grown and created value over the past ten years. We now take a
further important step in executing our strategy to expand into new high-growth
emerging markets, following our successful investments in Uzbekistan and
Tajikistan. Nepal and Cambodia have a combined population of 43 million, low
mobile penetration and growing economies. I am excited about this opportunity,”
says Lars Nyberg, President and CEO of TeliaSonera AB.

TeliaSonera will acquire 51 percent of the shares and votes in TeliaSonera Asia
Holding B.V. from Visor Group that will remain owner of the other 49 percent.
TeliaSonera Asia Holding B.V. owns 80 percent of the shares and votes in Spice
Nepal, the second largest mobile operator in Nepal, and 100 percent of the
shares and votes in Applifone, a start-up mobile operator in Cambodia. The total
cash consideration to be paid by TeliaSonera is approximately SEK 3.2 billion
(USD 484 million), corresponding to 51 percent of the total equity value of
TeliaSonera Asia Holding B.V.

- Spice Nepal launched its operation in September 2005 and is the second largest
mobile operator in Nepal, with around 1.6 million subscriptions and an estimated
market share of approximately 41 percent as of August 2008. Spice Nepal's net
sales in 2007 and for the first six months of 2008 were USD 41.1 million and USD
34.1 million, respectively, and EBITDA, excluding non-recurring items, was USD
19.0 million and USD 18.2 million, respectively. Mobile penetration in Nepal,
with a population of 28.4 million, is approximately 13 percent.

- Applifone launched its operation in October 2007 and is the fourth largest
mobile operator in Cambodia, with some 97,500 subscriptions and an estimated
market share of approximately 3 percent as of August 2008. Mobile penetration in
Cambodia, with a population of 14.6 million, is approximately 21 percent.

TeliaSonera expects to complete the transaction on October 1, 2008, and to
consolidate the mobile operations in Nepal and Cambodia as of the same date. 

TeliaSonera is already present in several emerging markets, either directly or
through its subsidiary Fintur Holdings B.V., with majority holdings in major
mobile operators in Kazakhstan, Azerbaijan, Uzbekistan, Tajikistan, Georgia and
Moldova, and through associated companies in Russia, Turkey, Ukraine and Belarus
as well as in Afghanistan, through a financial holding.

Visor Group is a Kazakhstan-based diversified investment and advisory firm
established in 2001 with significant regional investment expertise and assets
under management.




Invitation to analyst and press conference at 10 a.m. (CET) today

Place: TeliaSonera's Head Office, Sturegatan 1, Stockholm

Lars Nyberg, President and CEO of TeliaSonera and Tero Kivisaari, President,
TeliaSonera Eurasia, will participate in the conference at 10 a.m. (CET).

Press identification card or similar is required to attend the press conference.

The press conference will be held in English and will be broadcasted live over
the internet at www.teliasonera.com/investor_relations

Listen in and attend the press conference live over the phone
You can also listen to the conference live over the phone and attend the Q&A
session via a conference call.

Please note that there might be a time lag of up to 30 seconds between the
internet broadcast and the conference call if you are simultaneously watching
and calling in to the press conference.

Dial-in information
To ensure that you are connected to the conference call, please dial in a few
minutes before the start of the press conference to register your attendance:
Dial-in number: +44 207 162 0025
Participants should quote: TeliaSonera

A slide presentation providing more background information about the
transaction, the respective operations and countries is available at
TeliaSonera's website www.teliasonera.com/investor_relations

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 7.30 a.m. CET on September 26,
2008.
_____________________________________________
For further information journalists can contact:
The TeliaSonera 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 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. 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