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

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."

____________________________________________________________________

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.

F

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

____________________________________________________________________

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

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

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