TELE2 REPORTS CUSTOMER INTAKE OF 1,063,000, WITH REVENUES UP 21% TO MSEK 9,225 AND EBT MORE THAN TRIPLING TO MSEK 567

New York and Stockholm - Tuesday, August 5, 2003 - 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 its consolidated results for the second quarter ended June 30, 2003.
  • Number of customers rises by 1,063,000 to 18.7 million
  • Revenues up 21%, by MSEK 1,602 to MSEK 9,225 compared to Q2 2002*
  • EBITDA MSEK 1,538 compared to MSEK 1,120 in Q2 2002*
  • EBT more than triples to MSEK 567 compared to Q2, 2002*
  • Fixed line EBITDA margin in Continental Europe over 7% while adding 570,000 new customers
  • Cash flow after investments MSEK 965 compared to MSEK 70 in Q2 2002
  • Launch of four GSM networks in Russia
*excl. MSEK 87 Telia court settlement (note 1)

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TELE2’S MISSION IS TO FEARLESSLY LIBERATE PEOPLE TO LIVE A MORE CONNECTED LIFE. We constantly strive to be the truly integrated challenger – providing speed, data and video content, no matter where or when. Ever since Tele2 was founded in 1993, we have continued to challenge prevailing norms and dusty monopolies. Today, our award winning networks enable mobile and fixed connectivity, telephony, data network services, TV, streaming and global IoT solutions for millions of customers. We drive growth through customer satisfaction and smart combined offerings. Tele2 has been listed on Nasdaq Stockholm since 1996. In 2018, Tele2 generated revenue of SEK 30 billion and reported an adjusted EBITDA of SEK 9 billion. For latest news and definitions of measures, please see our homepage www.tele2.com