Sep 30, 2005 1:15 PM CET
Stockholm – Tele2 AB, (“Tele2”), (Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today completed the acquisition of 99.96% of Comunitel from ONI. The purchase price on a debt free basis was MEUR 257. The deal has been completed as planned, after obtaining the clearance of the Spanish competition authorities on September 16.
Tele2 will now start the process of integrating its existing Spanish business and Comunitel in order to create a strong competitor in the business and residential segments of the Spanish telecommunications market. Until the integration is completed, both companies will continue providing services to their respective clients under their respective brands. Jean Donadieu de Lavit, CEO of Tele2 Spain, commented, “Our objective at this stage is to continue growing the residential and corporate businesses, according to Tele2’s and Comunitel’s respective business plans. At the same time, we will start a process to gradually merge the companies over the next few months. Our clients will be the first to gain from the integration of Tele2 and Comunitel.” Lars-Johan Jarnheimer, CEO and President of Tele2 commented, “We are pleased to have concluded this deal to acquire Comunitel. It immeasurably strengthens our Spanish operations and enables us to reach a broader customer base with improved product offerings.” 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