Tele2 AB: Tele2 wins tax case

Stockholm - Tele2 AB ("Tele2") (Nasdaq Stockholm: TEL2 A and TEL2 B). The Administrative Court of Appeal last Friday overturned the Administrative Court's decision and accepted Tele2's claim for a deduction of exchange losses in connection with the establishment of Tele2's previous joint venture in Kazakhstan.

The Administrative Court of Appeal ruled in favour of Tele2's claim for a deduction of an exchange loss related to the conversion of a shareholder loan in connection with the establishment of Tele2's previous joint venture in Kazakhstan.

The judgment from the Administrative Court of Appeal means that Tele2 will be released from a tax claim in the amount of SEK 363 million, including a tax surcharge and interest, provided that the Swedish Tax Agency does not appeal the decision. 

Notes to the editors:
Press release from January 5, 2021: The Administrative Court issues ruling on deduction of exchange losses (https://www.tele2.com/media/news/2021/the-administrative-court-issues-ruling-on-deduction-of-exchange-losses/)

For more information, please contact:

Fredrik Hallstan, Head of PR, Phone: +46 761 15 38 30
Pernilla Grennfelt, Interim Head of Investor Relations, Phone: +46 701 66 31 74