TeliaSonera completes transactions for mobile data growth in Kazakhstan

The formal conditions to complete the acquisition of the WiMax operations of the
Kazakh Company Alem Communications, from its owner Midas Telecom, and an
indirect minority investment in KazTransCom, through the purchase of shares from
Alatau LLP, have been met. The intention to carry out the transactions was
announced on August 14, and they are expected to complete in early January 2013.
With the acquisition of a WiMax network in six cities TeliaSonera also secures
valuable frequencies in the 2.5/2.6 GHz band, which are important in order to
cater to an anticipated increased demand for mobile data. The frequencies are
compatible for use with mobile data transmission technologies such as 4G.

Following completion of the transactions, Kcell, TeliaSonera’s subsidiary in
Kazakhstan, will have full access to these businesses on commercial terms. It
already deploys the backbone capacity of KazTransCom's national fibre optic
network, and it has started to prepare for the deployment of the frequencies of
Alem Communications. TeliaSonera intends to transfer to Kcell the WiMax
operations, including frequencies, and its investment in KazTransCom, subject to
satisfaction of certain conditions as disclosed in the Kcell IPO prospectus.

“I am very pleased that we have been able to finalize these transactions which
are crucial for Kcell’s continued leadership in mobile data. This reaffirms our
strategic commitment to develop mobile technologies and services in Kazakhstan.
The transactions will secure frequencies, as well as further backbone capacity
at competitive prices, for Kcell in the years to come. This is very important
for Kcell’s future competitiveness, as data volumes continue to grow rapidly,”
said Tero Kivisaari, President, Mobility Services and Business Area Eurasia,
TeliaSonera.

The total value of the transactions is USD 205 million (subject to any post
completion accounting adjustments), of which the Wimax acquisition from Midas
Telecom represents USD 170 million, and the minority investment and option
rights related to KazTransCom represents USD 35 million. Midas Telecom LLP is
owned by Ms. Aigul Nuriyeva and Alatau LLP is owned by Ms. Raushan Sagdiyeva.

Note: These transactions are described in more detail on pages 57–59 of the
Kcell IPO prospectus dated December 12th 2012 which is available on
www.kcell.kz/en


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 5.30 p.m. CET on December 28, 2012.

For more information, please contact the TeliaSonera press office + 46-771 77 58
30, press@teliasonera.com, visit our
Newsroom (http://www.teliasonera.com/en/newsroom/) or follow us on Twitter
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Forward-Looking Statements
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including future performance and other trend projections are forward-looking
statements. By their nature, forward-looking statements involve risk and
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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.