Tele2 AB completes divestment of Tele2 Luxembourg and Tele2 Lichtenstein

Nordic Business Report, August 8, 2008

NORDIC BUSINESS REPORT-8 August 2008-Tele2 AB completes divestment of Tele2 Luxembourg and Tele2 Lichtenstein(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish telecomms operator Tele2 AB (OMX: TEL2 A) (OMX: TEL2 B) said on Thursday (7 August) that it has completed the divestment of its subsidiaries Tele2 Luxembourg and Tele2 Lichtenstein 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.

Tele2 said previously that the transaction will result in a gain of approximately SEK1bn.

Tele2, headquartered in Stockholm, Sweden, is a pan-European operator with more than 30m customers in 22 countries. The group reported operating revenue of SEK43.4bn in 2007.

One British pound (GBP) is worth approximately 11.99 Swedish kronor (SEK).

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