Tele2 completes the divestment of its Austrian MVNO operations to Telekom Austria Group

Stockholm - Tele2 AB, ("Tele2"), (Stockholm Stock Exchange: TEL2 A
and TEL2 B), announced that it has completed the divestment of its
Austrian MVNO operations to Telekom Austria Group for approximately
SEK 65 million (approximately EUR 7 million) in cash.

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Further information can be obtained from:
Lars-Johan Jarnheimer, President and CEO Tele2 AB, Telephone: +46 8
5626 4000

Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79


Tele2 is one of Europe's leading telecom operators. Tele2's mission
is to provide cheap and simple telecoms. Tele2 always strives to
offer the market's best prices. We have 25 million customers in 15
countries. Tele2 offers fixed and mobile telephony, broadband, 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 2007,
we had an operating revenue of SEK 43.4 billion and reported an
operating profit (EBITDA) of SEK 6.6 billion. Please visit us at
www.tele2.com.