Tele2 secures loan from the Nordic Investment Bank (NIB)

Stockholm - Tele2 AB, (Tele2), (NASDAQ OMX Stockholm: TEL2 A and TEL2 B) today announces that they have signed a EUR 130 million loan agreement with the Nordic Investment Bank (NIB) for the expansion of the company’s 4G mobile network service during 2015–2018

The purpose of seeking additional funding from NIB is to extend the maturity profile and achieve further diversification of funding. Tele2 Group Treasury has negotiated a new loan from NIB of EUR 130 million. This will include a cancellation of the existing loan from NIB (EUR 74 million) so new proceeds will be roughly EUR 56 million. The loan will be granted for the purpose of financing Tele2’s investments into LTE/4G networks in Sweden and the Netherlands in the time period 2015 - 2018.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

Tele2 and NIB have a relationship that spans over more than 20 years. This is the fourth loan agreement between the parties and the first one was issued already in 1994.

NIB only finances specific investment projects that fulfil the Bank’s mission which is to improve competitiveness and the environment of the Nordic-Baltic region.

For more information, please contact:
Viktor Wallström, Communications Director, Tele2 AB, Phone: +46 703 63 53 27

Louise Tjeder, Head of Investor Relations, Tele2 AB, Phone: +46 704 26 46 52

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TELE2’S MISSION IS TO FEARLESSLY LIBERATE PEOPLE TO LIVE A MORE CONNECTED LIFE. We believe the connected life is a better life, and so our aim is to make connectivity increasingly accessible to our customers, no matter where or when they need it. 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 offers mobile services, fixed broadband and telephony, data network services, content services and global IoT solutions. Every day our 17 million customers across 9 countries enjoy a fast and wireless experience through our award winning networks. Tele2 has been listed on the NASDAQ OMX Stockholm since 1996. In 2016, Tele2 had net sales of SEK 28 billion and reported an operating profit (EBITDA) of SEK 5.3 billion. For definitions of measures, please see the last pages of the Annual Report 2016. Follow @Tele2group on Twitter for the latest updates.

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