900 MHz EGSM frequency awarded to Tele2 Croatia

December 20, 2007

1 Min Read

STOCKHOLM -- Tele2 AB, ("Tele2"), (OMX Nordic Exchange Stockholm: TEL2 A and TEL2 B), announced today that Tele2 Croatia has been awarded a 900 MHz EGSM frequency. The frequency fee, which will be recorded in Croatian Kuna, is approximately SEK 3.2 million on an annual basis. The new frequency spectrum was available to Tele2 Croatia as of 17 December 2007.

Johnny Svedberg, Market Area Director Baltic, Russia & Croatia, comments; "The new 900 MHz EGSM frequency in Croatia will allow us to enhance network coverage, reduce capital expenditure as well as improve our price position in the market. Together with the new roaming agreement, effective from 1 June 2008, the 900 MHz frequency will enable Tele2 to significantly improve the operational performance of its Croatian business."

Tele2 AB (Nasdaq: TLTO)

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