Tele2 Russia added 48,000 new customers in November

Tele2 Russia added 48,000 new customers in November

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today
announced that its Russian operations added 48,000 new customers in November
2011. Tele2 Russia has 20.5 million customers in total.

As a result, Tele2 expects the subscriber base to reach between 20.6 - 20.7
million by year-end 2011 (earlier 21 million).

Mats Granryd, President and CEO of Tele2 comments: "We have chosen to focus our
activities on reducing the value of customer churn rather than on competing on
net intake. We still believe that Russia is Tele2's most important growth market
and the company will continue to have a balanced approach between customer
intake and profitability".
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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