FLEXTRONICS NETWORK SERVICES AND TELIASONERA SIGN FIVE-YEAR AGREEMENT AND EXPAND PARTNERSHIP

FLEXTRONICS NETWORK SERVICES AND TELIASONERA SIGN FIVE-YEAR AGREEMENT AND EXPAND PARTNERSHIP Stockholm, May 10, 2004 - Flextronics Network Services (NASDAQ: FLEX) and TeliaSonera AB today announced an agreement to expand the scope of their relationship. Under the terms of the five-year deal, Flextronics Network Services will become the main supplier of onsite installation and maintenance services for TeliaSoneras' fixed network customers. In 2001, TeliaSonera sold its installation and maintenance organization as well as 5,000 employees to Flextronics Network Services. Prior to today's announcement, TeliaSonera had bought delivery, installation, and maintenance services in select product- and geographical areas from Flextronics Network Services. The new agreement expands their partnership, both geographically and by volume. "By expanding our partnership with Flextronics Network Services, TeliaSonera customers benefit from superior networking quality and efficiency, says Ove Alm, Sr Vice President, TeliaSonera Sweden. "This deal ensures that the TeliasSonera brand is represented by competent and customer-focused people," he added. "We are pleased by the agreement to expand our relationship with TeliaSonera," says Ronny Nilsson, President at Flextronics Network Services. "Since onsite installation and maintenance services is our core business, the deal enables us to help TeliasSonera significantly improve customer satisfaction." About Flextronics Network Services Flextronics Network Services, a business unit of Flextronics, is a global independent leader in multivendor network services. With a broad range of onsite network and field services for fixed and mobile operators and systems vendors, Flextronics Network Services builds, installs and maintains data- and telecom networks for many of the world's largest operators, equipment vendors, and enterprise customers. Flextronics Network Services has established a leading position in the global marketplace as a valued supplier of IT and communication technologies, as well as advanced 3G services. For more information, please visit www.FlextronicsNetworksServices.com. About TeliaSonera TeliaSonera is the leading telecommunications company in the Nordic and Baltic regions. At the end of December 2003 TeliaSonera had 11,957,000 mobile customers (37,610,000 incl associated companies) and 8,061,000 fixed customers (9,160,000 incl associated companies) and 1,631,000 internet customers (1,691,000 incl associated companies). Outside the home markets TeliaSonera has extensive interests in the growth markets in Russia, Turkey and Eurasia. TeliaSonera is listed on the Stockholm Exchange, the Helsinki Exchanges and the Nasdaq Stock Market in the USA. Pro forma net sales January-December 2003 amounted to SEK 81.7 billion (EUR 9.01 billion). The number of employees was 26,694. Flextronics Network Services contacts: Leif Svensson VP Sweden +46 709 65 13 55 leif.svensson@se.flextronics.com Lotta Lindgren Communications +46 709 65 12 04 lotta.lindgren@se.flextronics.com Renee Brotherton Senior Director of Corporate Marketing +1 408 576 7189 renee.brotherton@flextronics.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/05/10/20040510BIT00180/wkr0001.doc http://www.waymaker.net/bitonline/2004/05/10/20040510BIT00180/wkr0002.pdf