TELE2 ACQUIRES MOBILE OPERATOR IN LIPETSK, RUSSIA - Tele2

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Nov 10, 2005 9:00 AM CET

TELE2 ACQUIRES MOBILE OPERATOR IN LIPETSK, RUSSIA

Stockholm – Tele2 AB, (“Tele2”), (Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announced that it has acquired Lipetsk Mobile, a mobile operator with a GSM licence in the territory of Lipetsk, in the central part of Russia.

Lipetsk Mobile currently operates mobile services under the AMPS/DAMPS standard and has deployed a limited GSM test network. Lipetsk is a prosperous region, with a population of 1.24 million, of which around 42% live in the city of Lipetsk. Mobile penetration in the region is about 50%. Lars-Johan Jarnheimer, CEO of Tele2 said; “The acquisition of Lipetsk Mobile with its GSM licence is another step in the expansion of Tele2 in Russia, following our successful GSM mobile launches in twelve regions. With the Lipetsk licence Tele2’s licence footprint in Russia now covers a population of 34.5 million.” CONTACTS Lars-Johan Jarnheimer, Telephone: + 46 8 562 640 00 President and CEO, Tele2 AB Håkan Zadler, Telephone: + 46 8 562 640 00 CFO, Tele2 AB Dwayne Taylor, Telephone: + 44 20 7321 5038 Lena Krauss, Telephone: + 46 8 562 000 45 Investor enquiries Visit us at our homepage: http://www.Tele2.com

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