TELE2 AB RAISES SENIOR DEBT FINANCING
New York and Stockholm - July 3, 2001 - Tele2 AB (formerly NetCom AB,
"Tele2", "the Group") (Nasdaq Stock Market: TLTOA and TLTOB), the
leading alternative pan-European telecommunications company, today
announced that it has mandated ABN Amro, CIBC World Markets plc, ING
Bank, Nordea, The Royal Bank of Scotland, and WestLB to arrange a
E1.2bn, 5 year, amortising senior debt facility for the Tele2 group of
The E1.2bn facility will be used to refinance existing debt as well as
to fund the company's continued expansion.
The Company's existing strong cashflow, together with this new facility,
ensures that all Tele2 group operations are fully funded with regard to
the Group's business plan.
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 more than 12 million people in 21
countries. Tele2 operates Datametrix, which specializes in systems
integration, 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 and Optimal Telecom, 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 Stockholmsbörsen, under TEL2A and TEL2B,
and on the Nasdaq Stock Market under TLTO.
Andrew Best Telephone: + 44 (0) 20 7321 5010
Lars-Johan Jarnheimer Telephone: +46 (0) 8 5626 4000
President and CEO, Tele2 AB
Visit us at our homepage: http://www.Tele2.com
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