Tele2 has increased its holding in five of its Russian operations, acquiring stakes from subsidiaries of Svayzinvest

February 23, 2006

1 Min Read

STOCKHOLM -- Tele2 AB, Europe's leading alternative telecoms operator, today announced that, in line with its long-term strategy for Russia, it has increased its holding in five of its Russian operations. After these transactions, 11 of Tele2's 14 regional Russian operations are now wholly-owned by Tele2.

Tele2 has acquired the below stakes from Center Telecom, North West Telecom and Sibir Telecom, all of which are subsidiaries of Svayzinvest:

Table 1:

Company

Region

Acquired stake

Tele2's ownership prior to /post acquisition

Tele2's status in the region

Belgorod Cellular Communications

Belgorod

35%

65% / 100%

GSM network operation since April 2004

Smolensk Cellular Communications

Smolensk

40%

60% / 100%

GSM network operation since September 2003

Lipetsk Mobile

Lipetsk

5.9%

94,1% / 100%

GSM network deployment

Oblcom

St Petersburg

2.76%

97.24% / 100%

GSM network operation since July 2003

Siberian Cellular Communications

Omsk

10%

60% / 70%

GSM network operation since August 2003





Tele2's costs for the above-mentioned acquisitions are non significant.

Tele2 AB (Nasdaq: TLTO)

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