Telenor and TeliaSonera comments on European Commission Statement of Objections

The European Commission has today taken the next step in the investigation into
the proposed merger of TeliaSonera and Telenor’s operations in Denmark by
addressing a ”statement of objections” to the two companies. A statement of
objections is an ordinary event in the context of a merger.
Contrary to the concerns raised in the statement of objections we firmly believe
the merger will ultimately be beneficial for competition and Danish consumers.
We will continue in a constructive dialogue with the Commission to make sure all
concerns are properly addressed.

We remain committed to the Danish market but have also realized that a
fundamental change is needed. Competition in the Danish mobile market is fierce
and will remain so in the future. Combining Telia and Telenor in Denmark is
about creating a company with the scale and the capacity to better invest and
compete – both on price, quality and innovation.

Delivering on this requires investments and if we look back on recent years this
has been a challenge. The status quo would lead to a continued drop in
investment. We want to create a healthy and profitable company that has the
necessary resources to invest in Denmark. It’s first and foremost about
providing the best possible experience for our customers, and the businesses
that rely on us every day.

Investments in networks and technology demonstrate clear benefits for consumers
and businesses, supporting an ever more connected society which demands better
speed, quality and security in a competitive market. All of which we firmly
believe are strengthened with our new organization in Denmark.

We remain confident that the merger will be approved during the second half of
2015.
For more information, please contact the TeliaSonera press office 46 771 77 58
30, press@teliasonera.com, visit our Newsroom (http://www.teliasonera.com/) or
follow us on Twitter @TeliaSoneraAB (https://twitter.com/TeliaSoneraAB).

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 network access and telecommunication services in the Nordic
and Baltic countries, the emerging markets of Eurasia, including Russia and
Turkey, and in Spain. TeliaSonera helps people and companies communicate in an
easy, efficient and environmentally friendly way. Our ambition is to be number
one or two in all our markets, providing the best customer experience, high
quality networks and cost efficient operations. TeliaSonera is also the leading
European wholesale provider who owns and operates one of the world's most
extensive fiber backbones. In 2014, net sales amounted to SEK 101.1 billion,
EBITDA to SEK 35.2 billion and earnings per share to SEK 3.35. The TeliaSonera
share is listed on Nasdaq Stockholm and Nasdaq Helsinki. Read more at
www.teliasonera.com.                 (http://www.teliasonera.com/)