Tele2 completes the acquisition of a majority share in mobile operator NEO in Kazakhstan

Stockholm - Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today
announced that it has completed the acquisition of a majority share in operator
NEO in Kazakhstan. Tele2 has paid in cash SEK 545 million for 51 percent of the
shares and will make a capital injection of SEK 360 million.


Contacts
Lars Torstensson, Investor Inquiries, Tel: +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 27 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 39.3 billion and reported an operating profit
(EBITDA) of SEK 9.2 billion.



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