Speculation regarding ownership structure in MegaFon

Due to recent media speculation, TeliaSonera confirms that discussions are held
between TeliaSonera, AF Telecom and Altimo regarding the future ownership
structure and governance of MegaFon. These discussions have so far not led to
any agreement, but if and when an agreement is reached, TeliaSonera will present
information in accordance with the relevant stock exchange rules.
About MegaFon:
MegaFon was founded in 2002 and is today the second largest
mobile operator in Russia with a market share of 26 percent according to the
consulting company AC&M. As of December 31, 2011, the company had 62.8 million
subscribers. In 2011, consolidated revenues grew 12.6 percent to RUB 242.6
billion.
TeliaSonera’s current ownership in MegaFon is 43.8 percent, of which
it holds 35.6 percent directly and 8.2 percent indirectly through its 26.1
percent ownership in Telecominvest. AF Telecom’s ownership is 31.3 percent of
which it holds 8.0 percent directly and 23.3 percent indirectly through its 73.9
percent ownership in Telecominvest . Altimo’s ownership is 25.1
percent.

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 8:30 a.m. CET on
April 11 2012.
 

For more information, please call the TeliaSonera press
office + 46-771 77 58 30, press@teliasonera.com

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 with a
wholly-owned international carrier network. In 2011, net sales amounted to SEK
104 billion, EBITDA to SEK 36.9 billion and earnings per share to SEK 4.20. The
TeliaSonera share is listed on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki.
Read more at www.teliasonera.com.