Press release Tele2 Group Feb 08 2007, 6:58 PM CET
COMMENTS ON RULING BY SWEDISH ADMINISTRATIVE COURT OF APPEALS REGARDING INTERCONNECT DISPUTES BETWEEN 2000 - 2004
Stockholm - Tele2 AB, ("Tele2"), (Stockholm Stock Exchange: TEL2 A and TEL2 B), Europe's leading alternative telecoms operator, today announced that the company the 8th of February received, by a non-unanimous Swedish Administrative Court of Appeal, the verdicts regarding interconnect case regarding 2000-2004 with a negative outcome for Tele2. In the Swedish County Administrative Court the verdicts was to the benefit of Tele2. Tele2 is now evaluating the verdicts and is considering seeking leave to appeal in the Supreme Administrative Court, among other things based on the outcome of the earlier verdicts and that the Swedish Administrative Court was non-unanimous.
The maximum financial impact can be slightly less than SEK -200 million on net income assuming the outstanding interconnect disputes are interpreted in accordance with today's result. Tele2's standpoint in this matter will be announced in March.
Lars-Johan Jarnheimer Telephone: +46 8 5626 4000
President and CEO, Tele2 AB
Lars Torstensson Telephone: + 46 702 73 48 79
Visit our web site at www.tele2.com
Tele2 is Europe's leading alternative telecom operator. Tele2's mission is to provide cheap and simple telecoms for everyone in Europe. Tele2 always strives to offer the market's best prices. We have 31 million customers in 22 countries. Tele2 offers fixed and mobile telephony, broadband, data network services, cable TV and content services. Ever since Jan Stenbeck founded the company in 1993, it has been a tough challenger to the former government monopolies. Tele2 has been listed on Stockholmsbörsen since 1996. In 2005 we had operating revenue of SEK 50 billion and reported a profit (EBITDA) of SEK 6.6 billion.