TELE2 LAUNCHES ITS ELEVENTH GSM NETWORK IN RUSSIA - Tele2

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Apr 26, 2004 10:00 AM CET

TELE2 LAUNCHES ITS ELEVENTH GSM NETWORK IN RUSSIA

TELE2 LAUNCHES ITS ELEVENTH GSM NETWORK IN RUSSIA New York and Stockholm - Tele2 AB, ("Tele2"), (Nasdaq Stock Market: TLTOA and TLTOB and Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announced that it has launched a GSM-network in Belgorod. Tele2 now offers GSM services in all of the eleven Russian regions where it has mobile telephony operations. The population covered by the GSM-license in Belgorod is 1.5 million and the region's mobile penetration is approximately 13%. The network in Belgorod uses the GSM 1800 standard. Lars-Johan Jarnheimer, CEO of Tele2 said; "The GSM-launch in Belgorod follows on from our successful launches in Nizhny Novgorod, Kursk and Chelyabinsk earlier this year. With this launch we can offer GSM services in all of the eleven Russian regions where we operate. We see significant growth opportunities in the Russian mobile market and our experience of Russia shows that customers appreciate our service offering." CONTACTS Lars-Johan Jarnheimer President and CEO, Tele2 AB Telephone: + 46 8 562 640 00 Håkan Zadler CFO, Tele2 AB Telephone: + 46 8 562 640 00 Dwayne Taylor, Investor enquiries Telephone: + 44 20 7321 5038 Lena Glader, Investor enquiries Telephone: + 46 8 562 000 45 Visit us at our homepage: http://www.Tele2.com Tele2 is Europe's leading and profitable alternative telecom operator. With our unique values, we provide cheap and simple telecom for all Europeans every day. We have over 23 million customers in 24 countries. We offer products and services in fixed and mobile telephony, Internet access, data networks, cable TV and content services. Our main competitors are the former government monopolies. Tele2 was founded in 1993 by Jan Stenbeck and has been listed on Stockholmsbörsen since 1996. The share has also been listed on Nasdaq since 1997. In 2003 we had net sales of SEK 36,911 million and reported a profit of SEK 5,710 million (EBITDA). Tele2 always strives to offer the market's best prices. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/04/26/20040426BIT20020/wkr0006.pdf

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