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Tele2 Buys Russian Operator

Tele2 acquires mobile operator in Lipetsk, Russia

November 10, 2005

1 Min Read

STOCKHOLM -- Tele2 AB, (``Tele2''), (Stockholmsborsen:TEL2A) (Stockholmsborsen:TEL2B), the leading alternative pan-European telecommunications company, today announced that it has acquired Lipetsk Mobile, a mobile operator with a GSM licence in the territory of Lipetsk, in the central part of Russia.

Lipetsk Mobile currently operates mobile services under the AMPS/DAMPS standard and has deployed a limited GSM test network. Lipetsk is a prosperous region, with a population of 1.24 million, of which around 42% live in the city of Lipetsk. Mobile penetration in the region is about 50%.

Lars-Johan Jarnheimer, CEO of Tele2 said; ``The acquisition of Lipetsk Mobile with its GSM licence is another step in the expansion of Tele2 in Russia, following our successful GSM mobile launches in twelve regions. With the Lipetsk licence Tele2's licence footprint in Russia now covers a population of 34.5 million.''

Tele2 AB

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