TELE2 LAUNCHES ITS TENTH GSM NETWORK IN RUSSIA - Tele2

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Apr 13, 2004 11:20 AM CET

TELE2 LAUNCHES ITS TENTH 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 Chelyabinsk. Tele2 now offers GSM services in ten out of the eleven Russian regions where it has mobile telephony operations.

The population covered by the GSM-license in Chelyabinsk is 3.6 million and the region's mobile penetration is approximately 22%. The network in Chelyabinsk uses the GSM 1800 standard.

Lars-Johan Jarnheimer, CEO of Tele2 said; "The GSM-launch in Chelyabinsk follows on from our successful launches in Nizhny Novgorod and Kursk earlier this year. Our objective is to offer GSM services in all of the eleven Russian regions where we operate by the end of the second quarter. The Russian mobile market offers substantial growth potential for Tele2 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 most profitable alternative telecom operator. With our unique values, we provide cheap and simple telecom for all Europeans every day. We have over 22 million customers in 23 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.

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