NEW YORK -- Tele2 AB (Nasdaq NM:TLTOA - News) (Nasfaq:TLTOB) (Stockholmsborsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, is pleased to announce the launch of residential fixed line services in Hungary.

Lars-Johan Jarnheimer, CEO of Tele2 said: "Hungarian consumers will now be able to benefit from the low prices and simple tariff structure offered by Tele2. We are confident that the Hungarian operation quickly will replicate the success of our other fixed line operations across Europe."

Tele2 AB