TeliaSonera and Spotify to expand innovation partnership

Following more than five years of successful partnership, TeliaSonera and
Spotify have decided to further boost co-operation. TeliaSonera will join forces
with Spotify to take innovation to the next level and will additionally make an
equity investment of USD 115 million.
Under the new strategic partnership, TeliaSonera is investing USD 115 million
for a 1.4 percent stake in Spotify. Both companies are also committing
resources, staff and other assets to ignite the joint innovation agenda within
areas such as media distribution, customer insights, data analytics and
advertising. A joint TeliaSonera-Spotify team will be set up to run the
projects.
“We have a long and great relationship with TeliaSonera and I'm pleased we're
able to take this to the next level together with this strategic partnership”,
said Daniel Ek, CEO and Founder, Spotify.
“We’ve set-out to create a New Generation Telco where innovation is key to our
success. Spotify is a great company, loved by customers and with a world class
take on innovation I’m excited to join Spotify’s journey as investor and key
partner”, says Johan Dennelind, President and CEO, TeliaSonera.
Martin Lorentzon, Spotify Chairman of the Board, has been a member of
TeliaSonera’s Board of Directors since 2013. Martin Lorentzon has not
participated in the board’s discussions or in the decision leading up to the
partnership. TeliaSonera’s board and management have been in dialogue and
discussed the transaction directly with Spotify’s executive management.
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 a.m. CET on June 10, 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/)