New York and Stockholm - December 28, 2001 - Tele2 AB, ("Tele2", "the
Group") (Nasdaq Stock Market: TLTOA and TLTOB and Stockholmsbörsen:
TEL2A and TEL2B), the leading alternative pan-European
telecommunications company, today announces that Tele2 Sweden has
increased its share ownership of Levicom Broadband from 60% to 100% by
acquiring a 40% stake from Levicom International. Levicom Broadband
operates fixed telephony and internet in Estonia as well as cable TV in
Estonia and Lithuania.

Tele2 AB, formed in 1993, is the leading alternative pan-European
telecommunications company offering fixed and mobile telephony, data
network and Internet services under the brands Tele2, Tango and Comviq
to 13.9 million people in 22 countries. Tele2 operates Datametrix, which
specializes in systems integration, 3C Communications, operating public
pay telephones and public Internet services; Transac, providing billing
and...