TEE: TeliaSonera AB: TeliaSonera Completes Transactions for Mobile Data Growth in Kazakhstan

  TEE: TeliaSonera AB: TeliaSonera Completes Transactions for Mobile Data
  Growth in Kazakhstan

UK Regulatory Announcement


The formal conditions to complete the acquisition of the WiMax operations of
the Kazakh Company Alem Communications, from its owner Midas Telecom, and an
indirect minority investment in KazTransCom, through the purchase of shares
from Alatau LLP, have been met. The intention to carry out the transactions
was announced on August 14, and they are expected to complete in early January

With the acquisition of a WiMax network in six cities TeliaSonera also secures
valuable frequencies in the 2.5/2.6 GHz band, which are important in order to
cater to an anticipated increased demand for mobile data. The frequencies are
compatible for use with mobile data transmission technologies such as 4G.

Following completion of the transactions, Kcell, TeliaSonera’s subsidiary in
Kazakhstan, will have full access to these businesses on commercial terms. It
already deploys the backbone capacity of KazTransCom's national fibre optic
network, and it has started to prepare for the deployment of the frequencies
of Alem Communications. TeliaSonera intends to transfer to Kcell the WiMax
operations, including frequencies, and its investment in KazTransCom, subject
to satisfaction of certain conditions as disclosed in the Kcell IPO

“I am very pleased that we have been able to finalize these transactions which
are crucial for Kcell’s continued leadership in mobile data. This reaffirms
our strategic commitment to develop mobile technologies and services in
Kazakhstan. The transactions will secure frequencies, as well as further
backbone capacity at competitive prices, for Kcell in the years to come. This
is very important for Kcell’s future competitiveness, as data volumes continue
to grow rapidly,” said Tero Kivisaari, President, Mobility Services and
Business Area Eurasia, TeliaSonera.

The total value of the transactions is USD 205 million (subject to any post
completion accounting adjustments), of which the Wimax acquisition from Midas
Telecom represents USD 170 million, and the minority investment and option
rights related to KazTransCom represents USD 35 million. Midas Telecom LLP is
owned by Ms. Aigul Nuriyeva and Alatau LLP is owned by Ms. Raushan Sagdiyeva.

Note: These transactions are described in more detail on pages 57–59 of the
Kcell IPO prospectus dated December 12th 2012 which is available on

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 5.30 p.m. CET on
December 28, 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 (STO:TLSN) (HEX:TLS1V) (LSE:TEE) 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. Read more at www.teliasonera.com.

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

TeliaSonera press office + 46-771 77 58 30
Twitter @TLSN_Media(https://twitter.com/TLSN_Media)


Press spacebar to pause and continue. Press esc to stop.