2007-10-06

Tele2 divests Tele2 Italy and Tele2 Spain to Vodafone for approximately SEK 7.1 billion
Stockholm - Tele2 AB, ("Tele2"), (Stockholm Stock Exchange: TEL2 A and TEL2 B), Europe's leading alternative telecom operator, today announced that it has sold its Italian and Spanish operations to Vodafone. Vodafone will pay in cash approximately SEK 7.1 billion on a debt and cash free basis. Completion is expected following approval from the relevant regulatory authorities.

Lars-Johan Jarnheimer, President and CEO of Tele2, comments: "Tele2 has developed very successful businesses in both Italy and Spain. However, as an important step in our realignment strategy, Tele2 has decided to take advantage of the consolidation processes currently taking place in the Italian and Spanish telecommunications markets in order to realize value."

At the end of June 2007, Tele2 Italy had approximately 1,961,000 fixed telephony customers, 268,000 broadband resale customers and 375,000 direct access & LLUB customers. Tele2 Italy affected Tele2's operating revenue in 2006 and the first half of 2007 by SEK 4,924 million and SEK 2,689 million, respectively, and EBITDA by SEK -58 million and SEK 1 million, respectively.

At the end of June 2007, Tele2 Spain had approximately 307,000 fixed telephony customers, 47,000 broadband resale customers and 200,000 direct access & LLUB customers. Tele2 Spain affected Tele2's operating revenue in 2006 and the first half of 2007 by SEK 2,284 million and SEK 1,200 million, respectively, and EBITDA by SEK -188 million and SEK -74 million, respectively.

dal sito di tele2.com