Telia ignores court ruling regarding interconnect rates
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 announces that the incumbent Telia has informed Tele2 that it does not intend to pay Tele2 for traffic transmitted via its network ("Cascade Accounting") at certain tariff rates. Telia is thereby ignoring the Stockholm County Administrative Court's recent ruling against Telia regarding payment principles for interconnection. Telia has appealed, but the Administrative Court of Appeal has rejected Telia's request for inhibition and the Stockholm County Administrative Court's ruling that Telia is liable for payments shall therefore be upheld.
Tele2 AB, formed in 1993, is the leading alternative pan-European telecommunications company offering fixed and mobile telephony, data network and Internet services under the brands Tele2, Tango and Comviq to 15.8 million people in 21 countries. Tele2 operates Datametrix, which specializes in systems integration, 3C Communications, operating public pay telephones and public Internet services; Transac, providing billing and transaction processing services; C³, offering co-branded pre-paid calling cards and Optimal Telecom, the price-guaranteed residential router device. The Group offers cable television services under the Kabelvision brand name and together with MTG, owns the Internet portal Everyday.com. The Company is listed on the Stockholmsbörsen, under TEL2A and TEL2B, and on the Nasdaq Stock Market under TLTOA and TLTOB.
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