Tele2 and L&T Technology Services announce strategic M2M/IoT partnership, addressing the transportation industry

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm Exchange: TEL2 A and TEL2 B)
and L&T Technology Services announced today that they are entering into a
strategic partnership. The partnership will generate Machine to Machine/Internet
of Everything, M2M/IoT, solutions for the transportation vertical. The M2M/IoT
market under Transport and Mass Transit Sector is poised to go from $10.4
billion in 2014 to $29.4 billion by 2017 and $76.1 billion by 2020.
M2M/IoT implies that machines send information to one another using SIM cards
and without the direct involvement of human interaction. These signals aim to
control a process or tell a machine to perform a certain action. M2M/IoT is
currently one of the fastest-growing business segment in technology.

The partnership between L&T Technology Services, an engineering services major
and Tele2 holds a great potential for the transportation market including Auto,
Aero, Rail, Shipping and Off Highway and specialized vehicles. For example, it
offers solutions that would allow passengers to keep updated regarding
departures and arrival times as well as delays. Another area include remote
monitoring of engine performance. Data can be collected automatically and show
when it is time for maintenance and thereby reduce the risk of damage to the
engines.

L&T Technology Services with its deep domain expertise in the Transportation
sector and Tele2, with its proven credentials as the foremost provider of
convergent communication services makes it possible to provide comprehensive
solutions for costumer with a high quality of service.

Rami Avidan, Head of Tele2 M2M Global Solutions, comments: “I am really excited
about the partnership with L&T Technology Services and to see how our different
expertise can influence the transportation industry to become even more
efficient and cost conscious with new business models”

For further information, contact:
Lars Torstensson, EVP Corporate Communication and Strategy, Telephone: +46 702
73 48 79
For contact with L&T Technology Services: Jeevan Prakash, Telephone:  +46 76 346
56 60

TELE2 IS ONE OF EUROPE'S FASTEST GROWING TELECOM OPERATORS, ALWAYS PROVIDING
CUSTOMERS WITH WHAT THEY NEED FOR LESS. We have 14 million customers in 9
countries. Tele2 offers mobile services, fixed broadband and telephony, data
network services 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 NASDAQ
OMX Stockholm since 1996. In 2013, we had net sales of SEK 30 billion and
reported an operating profit (EBITDA) of SEK 6 billion.