Feb 1, 2005 8:20 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 Tiscali’s Danish operations, Tiscali Denmark A/S, for MEUR 20.7 on a debt-free basis.
Tiscali Denmark has some 26,000 ADSL customers and more than 50,000 dial-up Internet customers. The acquisition also includes an extensive ADSL network, reaching over 65% of Danish households. Tiscali Denmark generated revenues of some MEUR 22 in 2004. Lars-Johan Jarnheimer, CEO of Tele2 said; “We are very pleased to have concluded this deal, as it significantly strengthens our position in the Danish broadband market. We look forward to being able to provide our attractive product offerings to an increasing number of Danish households.” 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 For more information about Tele2, please visit: http://www.Tele2.com For more information about Tiscali, please visit: http://www.Tiscali.com