Tele2 AB : Annual General Meeting 2012

Mon, 07 May 2012 15:43:00 +0000

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced that the Company's Annual General Meeting (AGM) held today voted to support all of the resolutions that the Board of Directors and Nomination Committee proposed to the AGM.

The AGM re-elected Lars Berg, Mia Brunell Livfors, Jere Calmes, John Hepburn, Erik Mitteregger, Mike Parton, John Shakeshaft and Cristina Stenbeck as directors of the Board for the period until the close of the next AGM. Further, the AGM re-elected Mike Parton as Chairman of the Board.

The AGM discharged the directors of the Board and the CEO from liability for the financial year 2011.

Further the AGM resolved in accordance with the proposal of the Board of Directors on an ordinary dividend of SEK 6.50 per share and an extraordinary dividend of SEK 6.50 per share, in total SEK 13 per share. The record date was decided to be Thursday 10 May 2012. The dividend is estimated to be paid out by Euroclear Sweden on Tuesday 15 May 2012.

The AGM resolved to:

Set the remuneration to the Board of Directors for the period until the close of the next AGM in accordance with the following. A remuneration of SEK 1,365,000 to be allocated to the Chairman of the Board, SEK 525,000 to each of the directors of the Board and total SEK 625,000 for the work in the committees of the Board of Directors. For work within the Audit Committee it was resolved that SEK 200,000 shall be allocated to the Chairman and SEK 100,000 to each of the other three members. For work within the Remuneration Committee it was resolved that SEK 50,000 shall be allocated to the Chairman and SEK 25,000 to each of the other three members. This means a total Board remuneration of SEK 5,665,000 for the period until the close of the next AGM in 2013.
Re-elect the registered accounting firm Deloitte AB until the close of the AGM 2016 (i.e. the auditor's term of office shall be four years). Deloitte AB has informed that they will appoint Thomas Strömberg as auditor-in-charge.
Adopt the following procedure for preparation of the election of the Board of Directors and auditor. The work of preparing a proposal of the Board of Directors and auditor, in the case that an auditor should be elected, and their remuneration as well as the proposal of the Chairman of the AGM of 2013 shall be performed by a Nomination Committee. The Nomination Committee will be formed during October 2012 in consultation with the largest shareholders of the Company as per 30 September 2012. The Nomination Committee will consist of at least three members representing the largest shareholders of the Company. The Nomination Committee is appointed for a term of office commencing at the time of the announcement of the third quarter report in 2012 and ending when a new Nomination Committee is formed. The majority of the members of the Committee may not be directors of the Board of Directors or employed by the Company. If a member of the Committee resigns before the work is concluded, a replacement member may be appointed after consultation with the largest shareholders of the Company. However, unless there are special circumstances, there shall not be changes in the composition of the Nomination Committee if there are only marginal changes in the number of votes, or if a change occurs less than three months prior to the AGM. Cristina Stenbeck will be a member of the Committee and will also act as its convenor. The members of the Committee will appoint the Committee Chairman at their first meeting. The Nomination Committee shall have the right to upon request receive personnel resources such as secretarial services from the Company, and to charge the Company with costs for recruitment consultants if deemed necessary.
Approve the proposed guidelines for remuneration to the senior executives.

Stockholm - Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced its consolidated results for the first quarter 2012.

CEO comment:

"The first quarter of 2012 was as challenging as expected; many of the structural trends foreseen in our industry are now materializing. We embrace the accelerating move from voice to data and migration from prepaid to postpaid. We believe this is a natural evolution likely to improve the operational performance of mobile operators over the medium term. More immediate and readily evident in Q1 2012 are additional costs associated with the transition from traditional voice to a more data centric emerging business model.

Still, the first quarter of 2012 has continued to show solid revenue growth in our main markets. We concentrated our efforts on maintaining strong customer momentum within our entire mobile arena. "

Financial highlights
Net sales amounted to SEK 10,481 (9,642) million corresponding to a growth excluding exchange rate difference of 8 percent in the quarter. EBITDA in Q1 2012 amounted to SEK 2,571 (2,544) million, equivalent to an EBITDA margin of 25 (26) percent.

Good customer intake in market area Russia In Q1 2012, Tele2 Russia added 304,000 (547,000) customers leading to a total customer base of 20.9 (19.0) million. EBITDA amounted to SEK 1,063 (942) million, equivalent to an EBITDA margin of 35 (36) percent.

Maintained mobile revenue growth in market area Nordic
Mobile revenue in Sweden grew by 4 percent, as customer demand for smartphones and data services increased further during the quarter. This trend was enhanced by an aggressive marketing campaign during the month of March. As a result of increased marketing spend, the EBITDA margin was negatively affected. Tele2 Norway performed well during the quarter, with increased focus on moving traffic on to its own network.

Significant operational progress in market area Central Europe &Eurasia
During the quarter, Tele2 Kazakhstan continued its successful launch of new regions, resulting in a customer intake of 332,000 (-24,000). The total customer base amounted to 1,703,000 (308,000). The Baltic countries drove further cost cutting in the quarter, maintaining their firm EBITDA margin development.

Robust margin development in fixed broadband in market area Western Europe
Tele2 Netherlands maintained a stable EBITDA margin compared to same period last year, despite tough market conditions in the consumer and business segments, Tele2 Austria carried on the integration of Silver Server during the quarter.

The Interim report is available on reports.tele2.com/2012/Q1

Telephone conference
Tele2 will host a conference call, with an interactive presentation, for the global financial community at 10.45 am CET (09.45 am UK time/04.45 am NY time) on Thursday, April 19, 2012. The conference call will be held in English and also made available as an audiocast on Tele2's dedicated Q1 2012 website, reports.tele2.com/2012/Q1.

Dial-in information:
To ensure that you are connected to the conference call, please dial in a few minutes before the start of the conference call to register your attendance.
Dial-in numbers:
Sweden: +46 8 505 598 53
UK: +44 203 043 24 36

Tele2 Russia added 48,000 new customers in November

Wed, 14 Dec 2011 08:30:00 +0000

Tele2 Russia added 48,000 new customers in November

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced that its Russian operations added 48,000 new customers in November 2011. Tele2 Russia has 20.5 million customers in total.

As a result, Tele2 expects the subscriber base to reach between 20.6 - 20.7 million by year-end 2011 (earlier 21 million).

Mats Granryd, President and CEO of Tele2 comments: "We have chosen to focus our activities on reducing the value of customer churn rather than on competing on net intake. We still believe that Russia is Tele2's most important growth market and the company will continue to have a balanced approach between customer intake and profitability".

Contacts

Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79
Pernilla Oldmark, Press Inquiries, Telephone: +46 704 26 45 45

TELE2 IS ONE OF EUROPE'S LEADING TELECOM OPERATORS, ALWAYS PROVIDING THE BEST DEAL. We have 34 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 NASDAQ OMX Stockholm since 1996. In 2010, we had net sales of SEK 40.2 billion and reported an operating profit (EBITDA) of SEK 10.3 billion.

Tele2 AB : Change in the number of shares

Wed, 30 Nov 2011 08:00:00 +0000

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced that as of 30 November 2011 the number of shares in Tele2 AB amounts to 448,783,339 shares of which are 20,990,050 Class A shares, with ten votes each, and 423,234,289 Class B shares and 4,559,000 Class C shares with one vote each. The total number of votes in the company amounts to 637,693,789.

In November the number of shares in the company has increased with 1,700,000 shares and the number of votes in the company has increased with 1,700,000 votes. The reason for the increase in shares and votes is an issue of Class C shares.

Contacts

Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79
Pernilla Oldmark, Press Inquiries, Telephone: +46 704 26 45 45

Tele2 Austria acquires internet service provider Silver Server

Tue, 22 Nov 2011 14:40:00 +0000

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced that its Austrian organisation will acquire internet service provider Silver Server, which specialises in serving business customers. Tele2 will pay in cash approximately SEK 110 million on a cash and debt free basis. Completion is expected following approval from the Austrian Competition Authorities.

The acquisition will give Tele2 Austria a stronger presence in the B2B market, and reinforce its position as Austria's leading alternative telecoms provider.

In 2010, Silver Server had net sales of SEK 100 million and EBITDA of SEK 20 million.

Contacts

Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79
Pernilla Oldmark, Press Inquiries, Telephone: +46 704 26 45 45

Tele2 Russia added 98,000 new customers in October

Tue, 15 Nov 2011 08:10:00 +0000

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced that its Russian operations added 98,000 new customers in October 2011. Tele2 Russia has 20.5 million customers in total.

Contacts

Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79
Pernilla Oldmark, Press Inquiries, Telephone: +46 704 26 45 45

The GRI-time of the year

AseB — Wed, 09 Nov 2011 20:09:26 +0000

When autumn turns into winter, the GRI process enters its most intensive phase. Right now we are reviewing our materiality analysis and our stakeholder mapping to ensure that we include any updates since last year. We have completed an evaluation of last year’s report, our first GRI-report, and decided on a number of changes for this year. We will maintain a C-level report, but we will for example extend the scope to include a number of ESG (Environmental Social Governance) indicators, which were identified through a stakeholder dialogue with investors and analysts. The scope will be extended geographically to include Tele2’s Kazakh operations, which was acquired during 2010. If you are interested in reading our 2011 GRI report, it will be published in the beginning of April.

Greenhouse gas emissions in focus

AseB — Fri, 21 Oct 2011 12:23:46 +0000

Today The Carbon Disclosure Project (CDP) publishes its annual ranking of Nordic companies with regards to their greenhouse gas emissions. We are happy to see that our efforts during the year are reflected in today’s CDP score, when Tele2 was awarded 73 points. During 2011, we have continued our work to reduce our greenhouse gas emissions. Tele2’s primary reduction area is the ongoing replacement of older cooling systems with the more energy efficient fresh-air cooling in our base stations. However, our major impact when it comes to lowering greenhouse gas emissions lies in our customers’ operations. By providing them with low-cost alternatives to physical meetings, such as telephone and video conferencing, they can reduce their need to travel.

Read more about CDP’s annual ranking here.

Our Corporate Responsibility Committee

AseB — Mon, 17 Oct 2011 12:23:01 +0000

On Tuesday I attended the second meeting of Tele2’s Board CR (Corporate Responsibility) Committee. The Board of Directors founded the CR committee in January 2011, in response to the increased focus on responsibility issues within Tele2. The committee consists of three Board members, Mr. Lars Berg, Mr. John Shakeshaft and Head of the Committee Mrs. Mia Brunell Livfors as well as CEO Mats Granryd. The first Committee meeting was held in June, where among other things the new Code of Conduct was discussed and thereafter signed by the Board of Directors in full. During Tuesday’s meeting I presented our progress and plans regarding Tele2’s CR work. We looked at goal fulfillment so far and what actions need to be taken to ensure that our goals will be met. Our main topics were the development of our CR strategy and our process for supply chain management, which is one of my primary focus areas this autumn. A subject which I will have reason to get back to later.

Bridging the digital divide in Russia

AseB — Wed, 05 Oct 2011 12:03:33 +0000

In June, EBRD (the European Bank for Reconstruction and Development) bought bonds in Tele2’s Russian subsidiary, OJSC Tele2 Saint-Petersburg. This is the first time EBRD invests in a privately held company. We are very proud to have been chosen as partner in EBRD’s pursuit to stimulate economic, social and environmental development in Russia. Providing efficient means of communication is an essential part of building infrastructure, which in turn is a prerequisite for economic growth and community development. Bridging the digital divide is one of our greatest challenges – and opportunities – in terms of our responsibility work. Therefore, our collaboration with EBRD is valuable in our future efforts in Russia. We have several projects up and running in Russia. For example, we are controlling the cooling systems in our base stations with the aim to replace older systems with modern fresh air cooling, in order to reduce our CO2 emissions. We are also in the process of implementing our new gender and diversity policy at all our workplaces and our Code of Conduct throughout the supply chain. As a responsible company in the Russian community, we support Playing for change, which is an NGO that supports local social entrepreneurs striving to provide children with a playful childhood. Russia is Tele2’s biggest market and it is growing. For us it is important that this growth is sustainable, with regards to economic and social factors as well as the environment. Read more here and here about EBRD’s decision to support OJSC Tele2 Saint-Petersburg.

CMD2011 Closing remarks by Mats Granryd

Lars T — Thu, 15 Sep 2011 16:19:25 +0000

Mats Granryd ends the Capital Market Day 2011 by concluding that Tele2 has a strong leadership team and a strong business case, making him confident of the fact that the future is bright and belongs to Tele2. He also reminded the audience about Tele2’s wanted position: Customers: We shall provide the Best Deal in each country we operate in! Employees: We shall be considered “A Great Place to Work at”! Shareholders: We shall have the best TSR (Total Shareholder’s Return) within our peer group. Thank you for this year’s event!

CMD2011 Summaries: Thomas Ekman

Lars T — Thu, 15 Sep 2011 16:17:37 +0000

Smartphones Driving Revenues and Margin Market Area Nordic showed strong cash flow generation in Q2 2011 with EBITDA at SEK 916 million and CAPEX at SEK 123 million. Our focus areas in Sweden are building on mobile growth and 4G roll-out coupled with household/corporate fiber strategy. In Norway, we will focus integrating Network Norway. Sweden: We are seeing recovering EBITDA margins in Sweden, where smartphones are driving growth. We anticipate uplift in smartphone migration and higher fixed fees on data packages. Also, low end smartphones are entering the market, which of course is beneficial for Tele2 (negatively affecting the development of mid range handsets). We see a strong handset data potential. For the mobile segment, our solid development of net sales is mostly driven by smartphone sales and data services. For fixed, we will accelerate fiber build-out for the consumer market. We will continue our 4G roll-out together with Net4Mobility, which will bring savings of almost SEK 300 million. By the end of 2012, we will have a 99% coverage. Right now we have new routers coming out on the market, and we are seeing 4G handsets and tablets arriving on the market during 2H 2011. New cost efficiency measures will support breaking the mobile EBITDA trend. Norway: Tele2 controls now more than 99 percent of the shares in Network Norway. After the acquisition, we will support Norwegian market consolidation, become a clear number three operator and double our revenue market share in Norway. We will have around 15% of the market, nationwide coverage by 1H 2013, and our long term market share goal is 25.

CMD2011 Summaries: Günther Vogelpoel

Lars T — Thu, 15 Sep 2011 15:58:14 +0000

The Group Leader in B2B and Consumer Fixed Broadband Tele2’s Market Area Western Europe is leading the group in business to business services and consumer fixed broadband. Our current focus areas are: Netherlands: Grow in mobile and SME. Participate in the upcoming license auction. Austria: Continue growth in B2B. Germany: Develop mobile product. Netherlands: Financial performance is solid, although there is always pressure on topline. Integration costs will be included already in 2011. Our residential strengths are that we can maximize value in the customer base, we have a solid position in DSL, and we are growing in Triple Play. Put shortly, we put our money where the mouth is. Our B2B segment is a high margin operation. It provides mission critical services: A majority of the population is using our services, although not being customers. Our overall objectives in the B2B market are to prioritize topline growth, strengthen our position through the integration of Bbned, and lower costs trough standardization and quality improvement. Furthermore, we have an opportunity to move from being an MVNO into an MNO, and that opportunity is now. The upcoming auction in Q1 2012 will set the scene till 2030. Reasons for us to pursue this opportunity are several, it allows us to grow long term cash flows and we have strong group experience from the mobile market. Also, the situation is favorable considering the regulatory environment, the current market situation, as well as technology and business models. Austria: Tele2 Austria demonstrates stable performance, where B2B is the sales engine. We see double digit growth in key KPIs – 180% increase in B2B sales intake, and an EBITDA margin from 15% to 21% (H1 2011 vs. H1 2010). Going forward, focus is to maximize value in residential and grow top line in B2B. Germany: Germany is also a solid profit contributor and shows strong operational performance in sustaining profit levels, although facing overall decline in top line. The current situation is that we have suffering from not having the fixed line regulated. We want to change this by going mobile, and cut the cord to the incumbent for mobile home telephony. This concept was launched in May 2011 and has already been a success.

CMD2011 Summaries: Dmitry Strashnov

Lars T — Thu, 15 Sep 2011 14:48:29 +0000

Strong Customer Intake Maximize Our 2G Opportunity Tele2 Russia represents 29% of sales in the group and has today more than 20 million subscribers, making us mobile operator number 4 in Russia both in terms of subscribers and revenue. We are present in 43 regions of Russian Federation and operate on the spectrum of 1800 MHz in those regions. Current focus in Russia is to continue the strong growth in customer intake, maximizing the 2G opportunity. We will also ensure that newcomer and challenger regions reach the same operational trends as the old ones. Furthermore, we will evaluate possibilities to expand carefully its operations through new licenses, as well as complementary acquisitions. We have a great potential in turning our newcomer regions into challengers, and eventually defenders. We are also comfortable with our current license situation for the coming couple of years and until we have bridged Tele2 into the next digital era. Old regions: We are defending and growing our position in the old regions. Subscriber base is growing, ARPU is fluctuating but growing, and annualized churn is stable. In terms of financials, the profitability profile is solid with growing revenue and EBITDA, including market shares in terms of subscribers and revenue. New regions: In our new regions, we are experiencing a customer base growth at an impressive speed and it will continue to grow for the next coming years. Profitability is growing. All in all, when compared to the old regions, the new ones offer great potential. We need to invest in brand awareness, which will drive market share and revenue. Russian mobile forecast indicates that in the coming few years we’ll have enough resources to grow our business, considering that 2G will remain the main technology until around 2015. Thereafter, 4G will face rapid growth. We are cautiously optimistic about the regulatory development and we hope to be one of the operators running LTE services in Russia.

CMD2011 Summaries: Niklas Sonkin

Lars T — Thu, 15 Sep 2011 13:46:30 +0000

Plenty of Room for Growth Several particularly good pieces of news are announced from Market Area Central Europe and Eurasia. Financial guidance is provided for Croatia and Kazakhstan, see below. The Baltics: Main focus in the Baltic countries is to uphold stability and focus. Other current topics in the Baltic countries are technical upgrades (radio, core swap), focus on smartphones and data.

In Estonia, a new management team is in place and the 4G roll-out starts 2012.
Latvia will have an auction for LTE frequencies in 2012.
Lithuania will continue to maintain its market leadership position and increase focus on the B2B segment.

Croatia: Tele2 Croatia has achieved a free cash flow milestone and is from now on cash flow positive (EBITDA-CAPEX-Change in WC) on a quarterly basis. EBITDA is estimated to HRK 36 million by 3Q 2011, free cash flow to HRK 37 million. The EBITDA margin for Tele2 Croatia’s operation should reach 20 percent by 3Q 2013. Since 2008, we have doubled our customer market share, and we are the only player growing on the market. The objective is to continue the revenue market share growth and improvement of gross margins. Improved brand awareness is important to achieve this, which is why a new marketing strategy was launched in Q2 2011. Marketing KPIs have already been improved notably, showing direct effect in revenue market share and EBITDA growth performance. Kazakhstan: Tele2’s youngest country market Kazakhstan is growing rapidly, as the mobile market shows strong growth. Low MoU indicates room for growth, compared to neighboring countries. Tele2 has now launched its six first regions in Kazakhstan, and has already more than one million subscribers and an increasing ARPU and MoU. The goal is to have launched all regions by the end of the year. We have access to all frequency bands, providing us with great flexibility. MTR reduction will come down from the current levels. Long term guidance for Tele2 Kazakhstan:

Tele2 Kazakhstan expects its customer base in Kazakhstan to be able to reach the range of 2.3-2.5 million by end of 2012.
Tele2 Kazakhstan should reach break-even on EBITDA margin by 2H 2013.
Tele2 Kazakhstan should reach a long term revenue market share of 30 percent.
Long term profitability and ROCE are estimated to be in line with Tele2 Group targets.

CMD2011 Summaries: Joachim Horn

Lars T — Thu, 15 Sep 2011 12:46:12 +0000

Right Technology at the Right Point of Time Tele2 has a diverse infrastructure – ranging from all network standards in Sweden to 2G in Russia – providing us with many opportunities. Fixed networks help us leverage synergies and decrease costs, but we will also need to build LTE for the future. Our frequency portfolio has great coverage and our countries are well positioned, not the least as net neutrality approaches in different countries. Remember that mobile data evolution is progressing for ALL standards. GSM is the most mature standard, not the standard for the future, but it will still be there for the coming years. In Sweden, for example, 2G has grown by more than 5x in the last year. Data consumption grows substantially, mainly driven by 3G. That requires us also to upgrade our networks. The industry is helping us, and all suppliers have roadmaps for continuous evolution of peak data rates ahead (HSPA). LTE, long term evolution offers improved customer experience, scale and economy. Latency difference between 3G and LTE is 87%. We must of course be where the potential is, and the potential for LTE is nearly unlimited. LTE will allow us to reach much higher efficiencies. Why do we have so many spectrums? Low spectrum is very important for coverage. 2.6 GHz compared to 800 MHz has a huge difference in coverage area. But you still need higher spectrums in order to be able to off-load traffic from the lower ones. Tele2’s advantage is that we can chose network at the right point of time. We can make that choice. Also, as we move forward on the network side, we must momentarily refresh our IT-infrastructure in order to leverage group synergies.

Tele2 Germany exits partnership with QSC in Joint Venture Plusnet

Thu, 23 Dec 2010 08:00:00 +0000

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced that it has decided to exit its partnership with QSC in joint venture Plusnet GmbH & Co KG ("Joint Venture"). Tele2 Germany will pay in net approximately SEK 280 million to get an early termination of the Joint Venture agreement and to sell its 32.5 percent ownership to QSC. Completion of the transaction is expected following approval from the national regulatory authority.

Tele2 Germany currently develops its network independent service portfolio for the residential market and has yearly paid an operational expenditure of approximately SEK 160 million and a capital expenditure of approximately SEK 20 million to the Joint Venture. By exiting the joint venture agreement Tele2 will save a total of approximately SEK 600 million, offsetting the cost for terminating the agreement early. As a result of the completion of the transaction Tele2 Germany will enter into a new vendor agreement based on commercial terms with QSC for xDSL and telephony services.

Henrik Ringmar, Market Area Director Western Europe, comments: "In order to provide our German customers with the best deal over the coming years we are convinced that the right way forward for us in Germany is to act as a pure service provider. Through the exit of the network company Plusnet, we achieve this objective while being able to enjoy the cost savings that the transaction will bring us. We are also very satisfied with the wholesale prices that QSC has offered us.

The transaction will result in a negative one-off item of approximately SEK 220 million.

Contacts

Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79

Pernilla Oldmark, Press Inquiries, Telephone: +46 704 26 45 45

TELE2 IS ONE OF EUROPE'S LEADING TELECOM OPERATORS, ALWAYS PROVIDING THE BEST DEAL. We have 30 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 NASDAQ OMX Stockholm since 1996. In 2009, we had net sales of SEK 39.5 billion and reported an operating profit (EBITDA) of SEK 9.4 billion.

Tele2 Lithuania divests it's cable operation to VDNET for approximately SEK 40 million

Wed, 15 Dec 2010 08:00:00 +0000

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced that it has sold its Lithuania cable operation to VDNET. VDNET will pay approximately SEK 40 million on a debt and cash free basis. Completion is expected following approval from the competition authority.

Niklas Sonkin, Market Area Director Central Europe & Eurasia, 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 Lithuanian cable 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 VDNET. This will enable Tele2 to focus even harder on its mobile operation with expectations of higher returns."

At the end of September 2010, Tele2 Lithuania's cable operation had 10,700 fixed broadband customers and 33,000 TV customers. Tele2 Lithuania's cable operation affected Tele2's operating revenue in the first nine months of 2010 by SEK 18 million and Q3 2010 by SEK 6 million. EBITDA was affected in the first nine months of 2010 by SEK 4 million and in Q3 2010 by SEK 1 million. The transaction will result in a negative one-off item of approximately SEK 0.2 million.

Contacts
Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79
Pernilla Oldmark, Press Inquiries, Telephone: +46 704 26 45 45

Tele2 Russia added 207,000 new customers in November

Mon, 13 Dec 2010 08:00:00 +0000

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced that its Russian operations added 207,000 new customers of which 142,000 customers in new regions in November 2010. Tele2 Russia has in total 18.2 million customers.

Contacts

Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79
Pernilla Oldmark, Press Inquiries, Telephone: +46 704 26 45 45

Cecilia Lundin Appointed New Director of Human Resources at Tele2 AB

Thu, 02 Dec 2010 13:01:00 +0000

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced that Cecilia Lundin has been appointed new Director of Human Resources at Tele2 AB. Cecilia Lundin succeeds Kristina Vallin as she will be leaving the company.

Cecilia Lundin has a strong background from her previous roles as HR Director/Senior Vice President at Billerud AB and HR Manager Nordic Region at Novartis Sweden AB.

Contacts

Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79
Pernilla Oldmark, Press Inquiries, Telephone: +46 704 26 45 45

Tele2 Sweden entered into settlement agreement with TeliaSonera concerning interconnect

Mon, 28 Dec 2009 08:00:00 +0000

Stockholm - Tele2 AB, ("Tele2"), (OMX Nordic Exchange: TEL2 A and TEL2 B), announced today that Tele2 Sweden AB has entered into a settlement agreement with TeliaSonera AB in respect of a dispute concerning interconnection for some period prior to December 31, 2003. The settlement means that TeliaSonera AB will pay approximately SEK 340 million to Tele2 Sweden AB.

The settlement concerning interconnect will have a positive effect of approximately SEK 50 million on the net financial items in Q4 2009.

____________________________________________________________________

Further information can be obtained from:

Lars Torstensson, Investor Inquiries, Tel: +46 702 73 48 79

Pernilla Oldmark, Press Inquiries, Tel: +46 704 26 45 45

TELE2 IS ONE OF EUROPE'S LEADING TELECOM OPERATORS, ALWAYS PROVIDING THE BEST DEAL. We have 26 million customers in 10 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 NASDAQ OMX Stockholm since 1996. In 2008, we had net sales of SEK 38.3 billion and reported an operating profit (EBITDA) of SEK 8.2 billion.

Mobile Norway choose Ericsson for the third mobile network in Norway

Mon, 21 Dec 2009 09:46:00 +0000

Mobile Norway, the joint venture by Tele2 Norway and Network Norway, has chosen Ericsson as its main vendor for the new 2G/3G mobile network in Norway. Mobile Norway will secure a cost efficiency and modern mobile network.

Mobile Norway shall over the next coming years build a nationwide mobile network, which will cover 75 percent of the population. It will contribute to a better infrastructure competition in Norway, beneficial for all mobile users in Norway.

- "Today is a joyful day for Norwegian mobile users. The network will improve the competition within the market and the customer's choices in both urban and rural areas. We are proud to deliver on our promise to the Norwegian authorities, who has paved the way for increased competition", says Haakon Dyrnes, CEO Tele2 Norway.

- "The choice of a system- and equipment supplier is crucial for a success in line with the expectations we have on the development plan. Ericsson has fully met Mobile Norway's requirements of quality, functionality and roadmap", says Arild Hustad, group CEO, Network Norway.

- "We are proud to have been chosen as the preferred partner for the new 2G/3G network in Norway. Ericsson will ensure Tele2 and Network Norway a complete solution for advanced mobile broadband services. Quality of life and work efficiency will increase for Norwegians all over the country", says Mikael Bäckström, President Ericsson Nordic and Baltics.

____________________________________________________________________

Further information can be obtained from:

Haakon Dyrnes, CEO Tele2 Norway, Tel: +47 413 19 010

Pernilla Oldmark, Press Inquiries, Tel: +46 704 26 45 45

Tele2 is one of Europe's leading telecom operators, always providing the best deal. We have 26 million customers in 10 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 NASDAQ OMX Stockholm since 1996. In 2008, we had net sales of SEK 38.3 billion and reported an operating profit (EBITDA) of SEK 8.2 billion.

Tele2 and Telenor select Huawei to deploy 4G network

Fri, 18 Dec 2009 09:47:00 +0000

Net4Mobility, the joint venture by Tele2 and Telenor, today announced that Chinese telecom equipment vendor Huawei will supply infrastructure and modems for next generation mobile communications, 4G, in Sweden. The agreement with Huawei comprises the deployment of the first nationwide 4G network in Sweden and modem services for the new network.

By combining the procurement of a network- and modem vendor, the operators secure an effective deployment and a commercial launch of high-quality 4G services in 2010. For customers, 4G enables increased mobility and use of high capacity services, with up to ten times the current speed of turbo-3G initially.

- Huawei provides high technology and cost efficiency, both vital components in our investments to build a nationwide 4G network. Tele2´s customers will be able to access high-quality and affordable mobile services at speeds equivalent to some of today's fixed broadband connections, said Niclas Palmstierna, CEO, Tele2 Sweden.

- The use of mobile broadband has increased sharply to become an integral part of modern mobility. Together with Huawei, who presented a well integrated solution for network deployment as well as 4G modems, we will meet the rapidly growing demand for high-quality mobile broadband and network services, said Lars-Åke Norling, CEO Telenor Sweden.

The goal is that 99 percent of the Swedish population will be able to access the new network before the end of 2013, starting with densely populated areas. The deployment also includes increasing the number of base stations for voice traffic in 2G/GSM by 30-50 percent, with enhanced indoor- and outdoor coverage across the country as a result.

- It's a great pleasure for Huawei to be part in the deployment of one of the world's first nation-wide 4G networks. By our innovative end to end solution, we'll make the contribution to enable Tele2's and Telenor's customers to enjoy 4G services in the near future, said Yu Chengdong, President of Huawei Europe.

For more information, please contact:

Niclas Palmstierna, CEO Tele2 Sweden, +46 8-5626 4000

Lars-Åke Norling, CEO Telenor Sweden, +46 8-4100 7555

Annika Kristersson, Press Manager Tele2 Sweden, +46 704-26 4128

Marcus Adaktusson, Press Manager Telenor Sweden,+46 709-335559

About T

Tele2 completes the divestment of Tele2 France to Virgin Mobile

Mon, 14 Dec 2009 13:52:00 +0000

Further information can be obtained from:

Lars Torstensson, Investor Inquiries, Tel: +46 702 73 48 79

Pernilla Oldmark, Press Inquiries, Tel: +46 704 26 45 45

Tele2 is one of Europe's leading telecom operators, always providing the best deal. We have 26 million customers in 10 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 NASDAQ OMX Stockholm since 1996. In 2008, we had net sales of SEK 38.3 billion and reported an operating profit (EBITDA) of SEK 8.2 billion.

Tele2 Russia acquires Digital Expansion's mobile network in the region of Kaliningrad for approximately SEK 150 million

Thu, 27 Nov 2008 08:00:00 +0000

Digital Expansion operates an 1800 MHz GSM licence in the region of Kaliningrad with a population of approximately one million. Kaliningrad is an enclave inside the European Union and one of Russia's fastest growing regions. The current customer base is 5,000. The acquired company will be integrated into Tele2's existing operations and will benefit from Tele2's successful brand and product strategies in Russia.

Donna Cordner, Market Area Director Russia, comments: "The acquisition of Digital Expansion is an additional step in our continued expansion in Russia. We think the successful economic climate of the region and potential synergies given the proximity to other Tele2 operations in Europe and the Baltic region will allow us to replicate our successful operational model. After completion of the transaction, Tele2 Russia will be present in 35 regions with total population coverage of approximately 61 million."

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Further information can be obtained from:

Harri Koponen, President and CEO, Tel: +46 8 5626 4000

Donna Cordner, Market Area Director Russia, Tel: +46 8 5626 4000

Lars Torstensson, Investor Inquiries, Tel: +46 702 73 48 79

Tele2 is one of Europe's leading alternative telecom operators. Tele2's mission is to provide price leading and easy to use communication services. Tele2 always strives to offer the market's best prices. We have 24 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 2007, we had net sales of SEK 40.1 billion and reported an operating profit (EBITDA) of SEK 6.3 billion. For more information, visit www.tele2.com.

Tele2 completes the divestment of Tele2 Switzerland following clearance from the Swiss Competition Commission

Fri, 21 Nov 2008 08:00:00 +0000

____________________________________________________________________

Further information can be obtained from:

Lars Torstensson, Investor Inquiries, Tel: +46 702 73 48 79

Tele2 is one of Europe's leading alternative telecom operators. Tele2's mission is to provide price leading and easy to use communication services. Tele2 always strives to offer the market's best prices. We have 24 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 2007, we had net sales of SEK 40.1 billion and reported an operating profit (EBITDA) of SEK 6.3 billion. For more information, visit www.tele2.com.

Interim Report January-September 2008

Wed, 22 Oct 2008 07:00:00 +0000

Net sales in Q3 2008 amounted to SEK 9,891 (9,509) million, an increase of 4 percent.

EBITDA in Q3 2008 increased by 28 percent to SEK 2,248 (1,750) million.

EBIT in Q3 2008 increased by 62 percent to SEK 1,394 (863) million excluding one-off items of SEK -950 (-1,319) million mainly related to impairment losses. Including one-off items EBIT amounted to SEK 444 (-456) million.

Net profit/loss in Q3 2008 amounted to SEK 160 (-188) million.

Earnings per share in Q3 2008, after dilution, amounted to SEK 0.32 (-0.37).

Net sales for 9M 2008 amounted to SEK 29,192 (30,457) million, an decrease of 4 percent.

Net profit/loss for 9M 2008 amounted to SEK 1,022 (-243) million.

Earnings per share for 9M 2008 amounted to SEK 2,24 (-0.32).

Tele2's net debt at September 30, 2008 amounted to SEK 5,224 (11,167) million, a decrease of 53 percent.

Harri Koponen, President and CEO of Tele2 AB comments:

"The last months, I have been working closely with my management team on how to successfully move forward. Tele2's longer term strategy will remain the same, but we will speed up the execution.

Tele2 is now about to exit the phase of realignment, and to enter a new phase of transformation. This implies that our product portfolio will transform to fit the future demands of our customers. People will go for mobility everywhere - and they want it to be fast and immediate.

Customers only pay for value. By investing more in coverage, capacity and quality, we will offer our customers great products, yet still at the best price. Mobile services first, and if it makes commercial sense, complement them by fixed broadband and telephony.

Tele2 has a strong financial position, and we are looking to invest in our existing core businesses. Going forward, we will focus even more on growth in mobile, mobile internet and corporate services. We should not forget our roots, where Tele2 has been successful as a challenger in mobile and green field operations.

The Mobile operations of Tele2 continue to perform strongly in a highly competitive market. The core markets of Russia, Sweden, Croatia and the Baltic all showed solid customer intake. Tele2 Russia continued to maintain its EBITDA margin of 36 percent, despite an initiated roll-out in 18 new regions including Krasnodar. The Baltic region was negatively affected by the poor economic environment. However, the operations managed to maintain an EBITDA margin at 33 percent. The Croatian operation made further inroad in the consumer segment adding 74,000 new mobile users. The Swedish mobile operations had a robust quarter, adding 127,000 new customers in Q3 2008.

The Fixed Broadband operations showed promising improvement in Q3 2008 and our goal to focus less on market share and more on operational result has paid off. The quarter, once again, showed a healthy pick-up in operational performance and showed for the first time a positive EBITDA result at group level. However, we still have a long way to go before fixed broadband services meet our set hurdles. Revenue continued to develop according to plan and grew by 10 percent compared to the same period last year.

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Tele2 financial calendar 2009

Tue, 21 Oct 2008 12:00:00 +0000

Year End Report 2008

February 10, 2009

Interim Report January - March

April 22, 2009

Annual General Meeting

May 11, 2009

Interim Report January - June

July 22, 2009

Interim Report January - September

October 21, 2009

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Further information can be obtained from:

Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79

Tele2 is one of Europe's leading alternative telecom operators. Tele2's mission is to provide price leading and easy to use communication solutions. Tele2 always strives to offer the market's best prices. We have 23 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 2007, we had net sales of SEK 41.5 billion and reported an operating profit (EBITDA) of SEK 6.3 billion. Please visit us at www.tele2.com

Tele2.com - Newsroom - Press releases and newsroom posts

Tele2 signs credit facility agreement of EUR 1,200 million

Tele2 AB issues Swedish krona Bonds

Tele2 AB : Annual General Meeting 2012

CEO comment:

Tele2 Russia added 48,000 new customers in November

Tele2 Russia added 48,000 new customers in November

Contacts

Tele2 AB : Change in the number of shares

Contacts

Tele2 Austria acquires internet service provider Silver Server

Contacts

Tele2 Russia added 98,000 new customers in October

Contacts

The GRI-time of the year

Greenhouse gas emissions in focus

Our Corporate Responsibility Committee

Bridging the digital divide in Russia

CMD2011 Closing remarks by Mats Granryd

CMD2011 Summaries: Thomas Ekman

CMD2011 Summaries: Günther Vogelpoel

CMD2011 Summaries: Dmitry Strashnov

CMD2011 Summaries: Niklas Sonkin

CMD2011 Summaries: Joachim Horn

Tele2 Germany exits partnership with QSC in Joint Venture Plusnet

Contacts

Tele2 Lithuania divests it's cable operation to VDNET for approximately SEK 40 million

Tele2 Russia added 207,000 new customers in November

Contacts

Cecilia Lundin Appointed New Director of Human Resources at Tele2 AB

Contacts

Tele2 Sweden entered into settlement agreement with TeliaSonera concerning interconnect

Mobile Norway choose Ericsson for the third mobile network in Norway

Tele2 and Telenor select Huawei to deploy 4G network

Tele2 completes the divestment of Tele2 France to Virgin Mobile

Tele2 Russia acquires Digital Expansion's mobile network in the region of Kaliningrad for approximately SEK 150 million

Tele2 completes the divestment of Tele2 Switzerland following clearance from the Swiss Competition Commission

Interim Report January-September 2008

Tele2 financial calendar 2009

Year End Report 2008	February 10, 2009
Interim Report January - March	April 22, 2009
Annual General Meeting	May 11, 2009
Interim Report January - June	July 22, 2009
Interim Report January - September	October 21, 2009