TeliaSonera International Carrier and OTEGlobe establishes wholesale partnership

TeliaSonera International Carrier and OTEGlobe establishes wholesale partnership A partnership has been established between the European wholesale carrier TeliaSonera International Carrier and OTEGlobe, the international carrier business area of the Greek incumbent, in order to offer competitive IP, data, voice and transport services to the major operators and carriers in South-East Europe, Middle East and Far East. TeliaSonera International Carrier is a strong European Tier 1 carrier. Today there are three to five carrier companies in the world that are Tier 1 companies. This position and OTEGlobe's strong regional presence in Greece and in the Mediterranean region will enable the two companies to provide unique and competitive IP solutions to customers in Greece and in the Mediterranean region. The partnership also includes joint development of IP and capacity solutions offerings. The purpose of this strategic partnership is to establish a critical business relationship, to maximize commercial synergies, boost revenues and decrease operational and capital expenses. "I am delighted that we have signed this forward-thinking agreement with OTEGlobe", says Eva Lindqvist, President of TeliaSonera International Carrier. "This is an important partnership that gives us the opportunity to combine our mutual strengths and knowledge, especially in the IP area. It provides us great opportunities to jointly develop our business together with OTEGlobe. We will be able to increase our presence in the market and extend our offerings to our customers. " "We are looking forward to the partnership with TeliaSonera International Carrier to further expand our business, by combining the strengths of both companies geographically and technologically", Mr Angeloglou, CEO of OTEGlobe says. "Through this partnership, we are establishing one of the largest IP networks in the world, in order to offer more competitive, world class services, to our customers. We are confident that this strategic cooperation will be very successful for the benefit of both companies." The two partners also came to a traffic exchange and termination agreement, in order to match appropriate bandwidths and quality of service hosted on the partner networks. For this reason TeliaSonera International Carrier will use OTEGlobe for call traffic termination in Balkans and Cyprus, while OTEGlobe will use TeliaSonera International Carrier in the Baltic and CIS region. With this agreement the two partners will have the ability to deliver premium quality voice services, mobile to mobile calling and increase efficiency through cost reduction and new revenue generation. Moreover, OTEGlobe will be able to effectively manage temporary traffic surge especially during the Olympic Games which will take place in Greece during this summer. Facts about TeliaSonera International Carrier TeliaSonera International Carrier provides wholesale international IP, capacity and voice services to selected high volume destinations in Europe and across the Atlantic. Services are based on its fully owned and controlled European and trans-Atlantic networks. As well as owning one of the largest network footprints in Europe, TeliaSonera international Carrier also have peering points in the US. TeliaSonera International Carrier is the leading carrier of IP traffic in the Nordic and Baltic Sea regions, and has extensive reach into Eastern Europe. TeliaSonera International Carrier is a company fully owned by TeliaSonera Group and the Headquarter is situated in Stockholm, Sweden. Facts about OTEGlobe OTEGlobe (OTE International S.A.) is the wholly owned subsidiary for the international voice and data businesses of OTE (Hellenic Telecommunications Organization S.A.), the dominant telecom operator in Greece. Its main purpose is the provisioning of integrated, customized and high quality international products and services especially targeted to S.E. Europe and the Middle East. OTEGlobe's main activities are targeted to the following areas: · Management and commercial exploitation of the international submarine and terrestrial cables owned by OTE. · Management and commercial exploitation of OTE's international voice traffic. · Design, implementation and management (24X7) of the international Data/IP network MSP (MultiServices Platform). · Development, implementation and management of international wholesale services for national and international markets. · The direct sales of international data services, Internet, capacities, telephony, collocation etc to telecom providers (mobile and fixed telephony operators, Internet service providers, application service providers, telecom service resellers), as well as, to multinational companies and operators through its authorized resellers. For more information about OTEGlobe: http://www. oteglobe.com For further information journalists may contact: Olof Joos, Segment Manager, TeliaSonera International Carrier, +46-(0)70- 6603839 Petros Mavroidis, Business Development Director, OTEGlobe, +30 210 6389500 Forward-Looking Statements Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of 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. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/03/17/20040316BIT00440/wkr0001.doc http://www.waymaker.net/bitonline/2004/03/17/20040316BIT00440/wkr0002.pdf