Dec 22, 2004 8:35 AM CET
New York and Stockholm – Tele2 AB, (“Tele2”), (Nasdaq Stock Market: TLTOA and TLTOB and Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announced that it has acquired Votec Mobile, a mobile operator with a GSM licence in the territory of Voronezh, in Southern Russia.
Votec Mobile is currently operating mobile services under the AMPS/DAMPS standard and has deployed a limited GSM test network. Voronezh is a prosperous region with a population of 2.5 million, of which around 1 million live in the city of Voronezh. The city is an administrative and cultural center with several hundred industrial companies, 36 scientific research institutes and 10 universities, in addition to many businesses focused on the areas of culture and entertainment. Mobile penetration in the region is around 30%. Lars-Johan Jarnheimer, CEO of Tele2 said; “The acquisition of Votec Mobile with its Voronezh licence is a natural step in the expansion of Tele2 in Russia, following our successful GSM mobile launches in eleven regions. With this acquisition Tele2’s licence footprint in Russia now covers a population of 33.3 million.” CONTACTS Lars-Johan Jarnheimer, President and CEO, Tele2 AB Telephone: + 46 8 562 640 00 Dwayne Taylor, Investor enquiries Telephone: + 44 20 7321 5038 Lena Krauss, Investor enquiries Telephone: + 46 8 562 000 45 Visit us at our homepage: http://www.Tele2.com