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2016-12-16

Tele2 AB: Tele2 and Telenor to build a common 5G network

Stockholm - Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2
B). Tele2 and Telenor have signed an agreement to build a common
nationwide network with 5G technology. They aim to offer the first
customers access to 5G with full functionality as early as 2020. The
companies already share 2G and 4G networks via their joint company
Net4Mobility.

Tele2 and Telenor established Net4Mobility in 2009 to jointly build
and operate a national 4G network. The partnership enabled the
companies to be first in Sweden with a nationwide 4G network that
covers 99 percent of the Swedish population. Now that the standard
for 5G technology is on the horizon, Tele2 and Telenor have chosen to
continue and further develop their cooperation. This is seen as the
natural next step for both parties as their joint 4G network will
form a very good foundation for 5G expansion.

"The partnership we have had with Telenor in Net4Mobility has enabled
us to have a world class 4G network today. The advantages of two
parties joining forces to develop a 5G network are not solely
financial. It also gives us tremendous benefits in terms of how
quickly and flexibly we can work when the network is actually rolled
out," said Samuel Skott, CEO Tele2 Sweden.

The 5G network is a must that will pave the way for an increasingly
connected society. The demands on 5G networks are exactingly high and
the new generation network will offer faster speeds, shorter response
times, greater reliability and be able to manage more and denser
connection capacity.

"Sweden has a high proportion of consumers and companies that are
advanced users of digital services. With an early roll-out of 5G, we
can meet a need for high performance and capacity and ensure Sweden
will continue to be at the cutting edge of technology," said Patrik
Hofbauer, CEO Telenor Sweden.

For more information, please contact:
Angelica Gustafsson, Press Inquiries, Tele2 AB, Phone: +46 704 26 41
42

Kristoffer Carleskär, Investor Inquiries, Tele2 AB, Phone: +46 704 26
45 19

TELE2 IS ONE OF EUROPE'S FASTEST GROWING TELECOM OPERATORS, ALWAYS
PROVIDING CUSTOMERS WITH WHAT THEY NEED FOR LESS. We have 17 million
customers in 9 countries. Tele2 offers mobile services, fixed
broadband and telephony, data network services, content services and
global IoT solutions. Ever since Jan Stenbeck founded the company in
1993, it has been a tough challenger to the former government
monopolies and other established providers. Tele2 has been listed on
the NASDAQ OMX Stockholm since 1996. In 2015, we had net sales of SEK
27 billion and reported an operating profit (EBITDA) of SEK 5.8
billion. For definitions of measures, please see the last page of the
Annual report 2015.

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http://news.cision.com/tele2-ab/r/tele2-and-telenor-to-build-a-common-5g...
http://mb.cision.com/Main/3372/2151091/604743.pdf

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