Tele2 AB sells Tele2 Luxembourg and Tele2 Liechtenstein to Belgacom for SEK2bn

Telecomworldwire, June 26, 2008

TELECOMWORLDWIRE-26 June 2008-Tele2 AB sells Tele2 Luxembourg and Tele2 Liechtenstein to Belgacom for SEK2bn(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish telecomms operator Tele2 AB (OMX: TEL2 A) (OMX: TEL2 B) announced on Thursday (26 June) that it has sold its operations in Luxembourg and Liechtenstein to the Belgian operator Belgacom in a SEK2bn cash deal.

Tele2 Luxembourg and Tele2 Liechtenstein have a total of some 38,000 mobile customers, 10,000 fixed broadband customers and 26,000 fixed telephony customers, and achieved combined revenues of SEK1,158m in 2007.

The transaction will result in a gain of approximately SEK1bn.

In a separate announcement Tele2 on Thursday also said that it has conducted an impairment of assets, resulting in a loss of approximately SEK1bn for the second quarter. The impairment is attributable to goodwill and other assets in Germany and Poland, Tele2 said.

Tele2, headquartered in Stockholm, Sweden, is a pan-European operator with more than 30m customers in 22 countries.

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