Artboard Created with Sketch. Artboard Created with Sketch. Artboard Created with Sketch. Artboard Created with Sketch. Artboard Created with Sketch. Artboard Created with Sketch. Artboard Created with Sketch. Artboard Created with Sketch. Artboard Created with Sketch. Artboard Created with Sketch. Artboard Created with Sketch. Artboard Created with Sketch. Skip to main contentSkip to navigationSkip to search
Logotype

Our market sites

Logotype
Regulatory press release Tele2 Group Oct 17 2005, 9:00 AM CET

TELE2 HALTS ANY FURTHER INVESTMENTS IN ITS FIXED LINE OPERATIONS IN ESTONIA, LATVIA AND LITHUANIA

Stockholm – Tele2 AB, (“Tele2”), (Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announced that, based on the current regulatory environment in Estonia, Latvia and Lithuania, it has decided to stop any further investments in its fixed line operations in these countries.

Tele2 intends to stop product development and marketing of fixed telephony in Estonia, Latvia and Lithuania. Tele2 will continue servicing its existing customers, but will not take on new customers. Tele2 will continue to offer mobile telephony as one of the leading operators in these countries.Lars-Johan Jarnheimer, CEO and President of Tele2 commented, “We regret that, given the current regulatory environment in Estonia, Latvia and Lithuania, we do not, at this point, see any alternative other than to stop further investments in our fixed line operations. The implementation of the new EU legal regulatory framework is very late and the necessary work required to be done by the local regulatory authorities to ensure an open and competitive market has barely started. We are not able, for example, to launch broadband in these markets. Instead, we will focus on continuing to offer our successful mobile products and services to our customers in Estonia, Latvia and Lithuania.”CONTACTSLars-Johan Jarnheimer President and CEO, Tele2 ABTelephone: + 46 8 562 640 00Håkan Zadler CFO, Tele2 ABTelephone: + 46 8 562 640 00Dwayne Taylor Telephone: + 44 20 7321 5038Lena Krauss Investor enquiries Telephone: + 46 8 562 000 45 Visit us at our homepage: http://www.Tele2.com

Downloads