Tele2 acquires minority stakes in its Russian mobile operation in Izhevsk

Stockholm - Tele2 AB, ("Tele2"), (Stockholm Stock Exchange: TEL2 A
and TEL2 B), announced today that it has acquired the remaining 25.5
percent in the company "Udmurtia Cellular Communication", in the
Russian region of Izhevsk

After this acquisition Tele2 will own 100 percent of the company's
shares. Tele2 will pay approximately SEK 300 million, a part of the
amount will be paid after 12 months of the completion.

Tele2's operation in Izhevsk has been very successful and the company
is the region's leading mobile operator.
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Further information can be obtained from:
Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79
Pernilla Oldmark, Press Inquiries, Tel: +46 704 26 45 45

Tele2 is one of Europe's leading alternative telecom operators.
Tele2's mission is to provide affordable and easy connectivity for
everyone at anytime. Tele2 always strives to offer the market's best
prices. We have 24.5 million customers in 11 countries. Tele2 offers
mobile services, fixed broadband and telephony, data network
services, cable TV and content services. 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 the OMX Nordic Exchange since 1996. In 2008, we
had net sales of SEK 39.5 billion and reported an operating profit
(EBITDA) of SEK 8.2 billion.