STOCKHOLM -- Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announced that its Estonian organisation will acquire telecommunication service provider Televörgu AS. Tele2 will pay in cash approximately SEK 225 million on a cash and debt free basis.

Completion is expected following approval from the Competition Authorities.The acquisition will give Tele2 Estonia a stronger presence towards business customers in the Estonian market, and full control over its transmission network until 2025.

In 2010 Televörgu AS had net sales of SEK 130 million and EBITDA of SEK 60 million.

Tele2 AB (Nasdaq: TLTO)