Tele2 divests Tele2 Norway's fixed broadband operation to NextGenTel for approximately SEK 120 million

Stockholm - Tele2 AB, ("Tele2"), (Stockholm Stock Exchange: TEL2 A
and TEL2 B), announced today that it has sold its Norwegian fixed
broadband operation including VoIP customers to NextGenTel.
NextGenTel will pay in cash approximately SEK 120 million on a debt
and cash free basis. Completion is expected following approval from
the relevant regulatory authorities.

Niclas Palmstierna, Market Area Director Nordic, comments: "Tele2
continuously evaluates its business plans in every region it operates
to make sure that maximum value is being created for its
shareholders. Our Norwegian broadband operation has made good
progression over the years. However, as competition increases and as
there is a need for market consolidation, we have decided to sell to
NextGenTel. This will enable Tele2 to focus even harder on its mobile
and fixed telephony operations with expectations of higher returns."

At the end of March 2009, Tele2 Norway's fixed broadband asset had
approximately 74,000 fixed broadband customers and approximately
23,000 VoIP customers. Tele2 Norway's fixed broadband asset affected
Tele2's operating revenue in 2008 by SEK 391 million and Q1 2009 by
SEK 93 million. EBITDA was affected in 2008 by SEK -44 million and in
Q1 2009 by SEK -4 million. The transaction will result in a positive
one-off item of approximately SEK 50 million
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Further information can be obtained from:
Niclas Palmstierna, Market Area Director Nordic, Telephone: +46 8
5626 4000
Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79
Pernilla Oldmark, Press Inquiries, Tel: +46 704 26 45 45

Tele2 is one of Europe's leading alternative telecom operators.
Tele2's mission is to provide affordable and easy connectivity for
everyone at anytime. Tele2 always strives to offer the market's best
prices. We have 24.5 million customers in 11 countries. Tele2 offers
mobile services, fixed broadband and telephony, 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 and other established providers. Tele2
has been listed on the OMX Nordic Exchange since 1996. In 2008, we
had net sales of SEK 39.5 billion and reported an operating profit
(EBITDA) of SEK 8.2 billion.