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Press release Tele2 Group Nov 16 2005, 9:00 AM CET

TELE2 SPAIN LAUNCHES RESIDENTIAL ADSL & FIXED TELEPHONY OFFER, USING COMUNITEL'S NETWORK

Stockholm - Tele2 AB, ("Tele2"), (Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, announces that Tele2 Spain, using Comunitel's extensive network, has launched a new product for residential ADSL and fixed telephony customers, which combines high speed ADSL, unlimited local and national calls and free monthly rental.
The new service, called Línea Tele2 ADSL, is based on Comunitel's direct access technology and is available in all areas where Comunitel has network. Customers who subscribe to the service will get 6 Mbps ADSL, unlimited monthly local and national calls and free monthly line rental, all for €39.90 per month and all on one bill.

Lars-Johan Jarnheimer, CEO and President of Tele2 commented, "Only six weeks after acquiring Comunitel, we are already benefiting from this acquisition. With this offer Spanish customers get a simple, high quality product and save money".


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
 
Tele2 is Europe's leading alternative telecom operator. Tele2 always strives to offer the market's best prices. With our unique values, we provide cheap and simple telecom for all Europeans every day. We have more than 30 million customers in 25 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. In 2004 we had operating revenue of SEK 43 billion and reported a profit (EBITDA) of SEK 6.6 billion.