Tele2 Austria acquires internet service provider Silver Server

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today
announced that its Austrian organisation will acquire internet service provider
Silver Server, which specialises in serving business customers. Tele2 will pay
in cash approximately SEK 110 million on a cash and debt free basis. Completion
is expected following approval from the Austrian Competition Authorities.

The  acquisition will give Tele2 Austria a  stronger presence in the B2B market,
and reinforce its position as Austria's leading alternative telecoms provider.

In  2010, Silver Server had net  sales of SEK 100 million  and EBITDA of SEK 20
million.

Contacts

Lars Torstensson, Investor Inquiries, Telephone: +46 702 73 48 79
Pernilla Oldmark, Press Inquiries, Telephone: +46 704 26 45 45


TELE2 IS ONE OF EUROPE'S LEADING TELECOM OPERATORS, ALWAYS PROVIDING THE BEST
DEAL. We have 34 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 2010, we had net sales of SEK 40.2 billion and reported an operating
profit (EBITDA) of SEK 10.3 billion.

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