Tele2 acquires BBNed from Telecom Italia

Stockholm - Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today
announced that it will acquire the Dutch operator BBNed from Telecom Italia.
Tele2 will pay in cash approximately SEK 475 million on a cash and debt free
basis. Completion is expected following approval from Competition authorities in
the Netherlands.

BBNed is a provider of fixed telephony and broadband telecommunication services
in the Netherlands, active in retail, business and wholesale segment. BBNed
operates on the business market with its brand BBeyond and on the consumer
market with its brands Alice and InterNLnet.

Henrik Ringmar, Market Area Director Western Europe, comments: "I am very
pleased that we were able to enter into an agreement with Telecom Italia about
the acquisition of BBNed. This is a great opportunity for Tele2 to strengthen
our Dutch business and benefit from bigger scale in our operations."

In 2009 BBNed had net sales of SEK 810 million and EBITDA of SEK 130 million.

For more information, please contact:
Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79
Pernilla Oldmark, Press Inquiries, Tel: +46 704 26 45 45


Tele2 is one of Europe's leading telecom operators, always providing the best
deal. We have 28 million customers in 11 countries. Tele2 offers mobile
services, fixed broadband and telephony, data network services, cable TV and
content services. Ever since Jan Stenbeck founded the company in 1993, it has
been a tough challenger to the former government monopolies and other
established providers. Tele2 has been listed on the NASDAQ OMX Stockholm since
1996. In 2009, we had net sales of SEK 39.5 billion and reported an operating
profit (EBITDA) of SEK 9.4 billion.


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