Tele2 AB's UMTS joint venture in Sweden is fully-funded on signing SEK 11 billion credit facility
New York and Stockholm - Tele2 AB ("Tele2", "the Group") (Nasdaq Stock Market: TLTOA and TLTOB and Stockholmsbörsen: TEL2A and TEL2B), the leading alternative pan-European telecommunications company, today announced that its joint venture with Telia AB, Svenska UMTS-nät AB, is fully funded. Svenska UMTS-nät AB has today signed a SEK 11 billion term loan and revolving credit facility This facility will provide Svenska UMTS-nät AB with a fully-funded business plan to build out the third generation UMTS network in Sweden. Svenska UMTS-nät AB is a 50-50 joint venture between