Tele2 Sweden acquires more shares in Levicom Broadband

12/28/2001 10:22 AM EST

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 transaction processing service; C³, offering co-branded pre-paid
calling cards and IntelliNet and Optimal Telecom, the price-guaranteed
residential router device. The Group offers cable television services
under the Kabelvision brand name and together with MTG, owns the
Internet portal Everyday.com. The Company is listed on the
Stockholmsbörsen, under TEL2A and TEL2B, and on the Nasdaq Stock Market
under TLTOA and TLTOB.

CONTACTS:

Tele2 AB

Lars-Johan Jarnheimer Telephone: + 46 8 562 640 00
President and CEO, Tele2 AB

Andrew Best, Telephone: +44 7798 576378
Investor Relatons, London

Patrik Linzenbold, Telephone: +46 8 562 000 53
Media Relations, Stockholm


Visit our web site at www.tele2.com