TELE2 SELLS ITS CABLE-TV NETWORK IN ESTONIA - Tele2

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May 13, 2004 10:00 AM CET

TELE2 SELLS ITS CABLE-TV NETWORK IN ESTONIA

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 sold 100% of its Estonian cable-TV operations Levi Kaabel, Tallinna Kaabeltelevisiooni and Telset Communications Group to the market leader Starman.

All current contracts and other service packages will remain valid after the sale to Starman.

Lars-Johan Jarnheimer, CEO of Tele2 said; "The sale of the cable-TV operations enables us to fully focus on our core business in Estonia, which is to offer our customers the market's best fixed and mobile telephony and Internet prices."

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 70 762 0046

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 24 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.

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