Tele2 AB and Telia AB sign final agreement to form a jointly owned UMTS-
New York and Stockholm- March 15, 2001 - Today Tele2 AB ("Tele2", "the
Group") (Nasdaq Stock Market: TLTO) and Telia AB signed the final
agreement concerning the creation and maintenance of a jointly owned
UMTS (Universal Mobile Telecommunications System) network company for
the next generation of mobile telephony.
The company will be named Svenska UMTS-nät AB. Bo Jacobsson, Telia, has
been appointed Chairman of the Board and the position of Managing
Director will be filled by Henrik Ringmar, Tele2.
In accordance with the Agreement in Principle signed on January 8, 2001,
the final agreement between Tele2 and Telia gives equal access to the
UMTS license awarded to Tele2. Each party obtains a 50 % ownership in
the Joint Venture (J.V.). The sole objective of the J.V. is to create a
UMTS network supporting full coverage of Sweden. On the service side,
the competition between Tele2 and Telia remains.
Lars-Johan Jarnheimer, CEO and president of Tele2, and Marianne Nivert,
CEO and president of Telia jointly stated: "It is satisfying to see that
we have been able to finalize the agreement in such a short time. It
ensures that we will be able to create a UMTS network based on a solid
business platform. Our collaboration is not only good for Tele2 and
Telia - it will also benefit our mobile customers. They will be able to
use Tele2's and Telia's respective future services at lower prices and
Sweden can continue to be a world leader in telecommunications."
The Chairman of the Board of Svenska UMTS-nät AB, Bo Jacobsson, is CFO
of Telia. The Managing Director Henrik Ringmar is the former CEO of
The signed final agreement is subject to approval by the Swedish
Competition Authority. The agreement is valid irrespective of the
outcome of Telia's appeal with the county administrative court of the
PTS' decision not to award Telia a UMTS license.
Tele2 AB, (formerly NetCom AB), formed in 1993, is the leading
alternative pan-European telecommunications company offering fixed and
mobile telephony, data network and Internet services under the brands
Tele2, Tango, Comviq and Q-GSM to approximately 12 million people in 20
countries. Tele2 operates Datametrix, which specializes in systems
integration, Optimal Telecom, 3C Communications, operating public pay
telephones and public Internet services; Transac, providing billing and
transaction processing service; C³, offering co-branded pre-paid calling
cards and IntelliNet, the price-guaranteed residential router device.
The Group offers cable television services under the Kabelvision brand
name and together with MTG, owns the Internet portal Everyday.com. The
Company is listed on the Stockholm Stock Exchange, under TEL2A and
TEL2B, and on the Nasdaq Stock Market under TLTO.
Telephone: + 46 8 562 640 00
President and CEO, Tele2 AB, Sweden
Andrew Best/Samantha Drover (investor relations)
Telephone: + 44 20 7321 5010
Shared Value Limited
Bert Willborg (media relations)
Telephone: +46 70 727 70 22
Shared Value Limited
Visit our homepage: http://www.tele2.com
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