TELE2 AB IS APPROVED AS NEW NAME FOR NETCOM AB

New York and Stockholm - February 16, 2001 - Tele2 AB ("Tele2", "the
Group") (Nasdaq Stock Market: TLTO), a leading pan-European
telecommunications company, announces that the company formerly known as
NetCom AB has changed its name to Tele2 AB with immediate effect. This
change was approved at an Extraordinary General Meeting of NetCom AB
shareholders today.

Tele2 AB, (formerly NetCom AB), formed in 1993, is a leading alternative
pan-European telecommunications company offering fixed and mobile
telephony, data network and Internet services under the brands Tele2,
Tango, Comviq, Baltkom GSM and Q-GSM to approximately 11 million people in
20 countries. Tele2 operates Datametrix, which specializes in systems
integration, Optimal Telecom, 3C Communications, operating public ...