TEE: TeliaSonera AB: TeliaSonera sells NextGenTel to Telio

  TEE: TeliaSonera AB: TeliaSonera sells NextGenTel to Telio

UK Regulatory Announcement


TeliaSonera (STO:TLSN) (LSE:TEE) (Nasdaq:TLSN) has signed an agreement to
divest its Norwegian subsidiary NextGenTel to Telio, a company listed on the
Oslo Stock Exchange. The sales price is NOK 601 million (approximately SEK 700
million) on a cash and debt free basis (enterprise value).

TeliaSonera acquired NextGenTel in 2006 and the company has operated as a
subsidiary in the TeliaSonera group. For the first nine months of 2012, the
company reported revenues of NOK 693 million and an EBITDA excluding
non-recurring items of NOK 118 million.

Following a strategic review of the operations, TeliaSonera has concluded that
NextGenTel does not constitute the appropriate platform to compete
successfully in the Norwegian broadband market. Malin Frenning, President
Business area Broadband Services comments: “After careful evaluation of our
options for NextGenTel, we have decided to prioritize other parts of our
business where we believe we can achieve higher returns. TeliaSonera will
continue to serve the customers in Norway through its mobile brands NetCom and

Handelsbanken Capital Markets has acted as financial advisor to TeliaSonera.
The agreement is subject to approval from authorities. TeliaSonera will
receive NOK 531 million in cash upon closing with the remaining consideration
of NOK 70 million is to be paid in the form of Telio shares. TeliaSonera will
recognize a loss of SEK 1.6 billion in the fourth quarter of 2012 from the
write-down of goodwill.

TeliaSonera AB discloses the information provided herein pursuant to the
Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading
Act. The information was submitted for publication at 8 a.m CET on December
20, 2012.

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 provides network access and telecommunication services in the
Nordic and Baltic countries, the emerging markets of Eurasia, including Russia
and Turkey, and in Spain. TeliaSonera helps people and companies communicate
in an easy, efficient and environmentally friendly way. Our ambition is to be
number one or two in all our markets, providing the best customer experience,
high quality networks and cost efficient operations. TeliaSonera is also the
leading European wholesale provider with a wholly-owned international carrier
network. In 2011, net sales amounted to SEK 104 billion, EBITDA to SEK 36.9
billion and earnings per share to SEK 4.20. The TeliaSonera share is listed on
NASDAQ OMX Stockholm and NASDAQ OMX Helsinki.

This information was brought to you by Cision http://www.cisionwire.com

TeliaSonera press office
+ 46-771 77 58 30
visit our Newsroom
follow us on Twitter @TLSN_Media


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