Tele1 Europe Launches Initial Public Offering

Tele1 Europe Launches Initial Public Offering On February 28th, Tele1 Europe Holding AB announced the launch of its initial public offering totaling approximately US$500 million. The Company intends to list its shares on the Stockholm Stock Exchange and quote its ADSs on the Nasdaq stock market under the Ticker symbol "TEUR". The offering is structured as a global offering of ordinary shares and American Depositary Shares. It is expected to consist of approximately 33.3 million ordinary shares, comprised of approximately 28.3 million shares to be sold by the Company in a capital increase and approximately 5.0 million secondary shares to be sold by existing shareholders. The expected price range for the offering is US$14 to US$16 per ADS (SEK120.67 to SEK137.90 per share). The offering will consist of two tranches: an international tranche targeted at European and US investors, and a Swedish retail tranche. The proceeds of the IPO will be used to fund the Company's expansion, continued roll-out of its pan-Nordic broadband network and potentially for selected acquisitions. The offering will commence on February 28 th and the proposed sale to the public is anticipated to take place during the week of March 13th . Tele1 Europe is a rapidly growing data and telecommunications operator with operations in Sweden, Denmark, Finland and Norway. Tele1 Europe focuses on the Nordic corporate market with services geared towards providing integrated broadband communications solutions. Tele1 Europe's network strategy is to provide high-capacity end-to-end connectivity to its customers. To date, Tele1 Europe has deployed 1,084 route km of backbone, 110 route km of local access fiber network and over 100 DSL POPs. Tele1 Europe has over 7,500 corporate customers, of which over 1,100 are directly connected. Lehman Brothers and Goldman Sachs International are acting as lead managers in connection with the offering. For more information, contact: Cecilia Johansson, Investor Relations Phone: +46 8 5631 02 19 E-mail: A written international prospectus may be obtained from Paul Ryb at Lehman Brothers (+44 207 260 2514) or Frankie Davies at Goldman Sachs International (+44 207 774 5466). A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. ------------------------------------------------------------ Please visit for further information The following files are available for download: