Tele2 AB : Tele2 Estonia acquires telecommunication service provider Televörgu AS

Stockholm - Tele2 AB (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today
announced that its Estonian organisation will acquire telecommunication service
provider Televörgu AS. Tele2 will pay in cash approximately SEK 225 million on a
cash and debt free basis. Completion is expected following approval from the
Competition Authorities.

The acquisition will give Tele2 Estonia a stronger presence towards business
customers in the Estonian market, and full control over its transmission network
until 2025.

In 2010 Televörgu AS had net sales of SEK 130 million and EBITDA of SEK 60
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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