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Dec 28, 2001 4:22 PM CET

Tele2 Sweden acquires more shares in Levicom Broadband

New York and Stockholm - December 28, 2001 - Tele2 AB, ("Tele2", "the Group") (Nasdaq Stock Market: TLTOA and TLTOB and Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announces that Tele2 Sweden has increased its share ownership of Levicom Broadband from 60% to 100% by acquiring a 40% stake from Levicom International. Levicom Broadband operates fixed telephony and internet in Estonia as well as cable TV in Estonia and Lithuania.
Tele2 AB, formed in 1993, is the leading alternative pan-European telecommunications company offering fixed and mobile telephony, data network and Internet services under the brands Tele2, Tango and Comviq to 13.9 million people in 22 countries. Tele2 operates Datametrix, which specializes in systems integration, 3C Communications, operating public pay telephones and public Internet services; Transac, providing billing and transaction processing service; C³, offering co-branded pre-paid calling cards and IntelliNet and Optimal Telecom, the price-guaranteed residential router device. The Group offers cable television services under the Kabelvision brand name and together with MTG, owns the Internet portal Everyday.com. The Company is listed on the Stockholmsbörsen, under TEL2A and TEL2B, and on the Nasdaq Stock Market under TLTOA and TLTOB.
Tele2 AB

Lars-Johan Jarnheimer Telephone: + 46 8 562 640 00
President and CEO, Tele2 AB  
Andrew Best,
Investor Relatons, London
Telephone: +44 7798 576378
Patrik Linzenbold,
Media Relations, Stockholm
Telephone: +46 8 562 000 53
Visit our web site at www.tele2.com

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