TeliaSonera to step up ownership in Omnitel

TeliaSonera to step up ownership in Omnitel

TeliaSonera AB today announced that its wholly owned subsidiary Amber
Mobile Teleholding AB, has reached an agreement with Motorola Lithuania
Telecom Inc, a wholly owned subsidiary of Motorola Inc., to acquire
Motorola's 35-percent shareholding in UAB Omnitel of Lithuania.
TeliaSonera agreed to pay USD 117 million for Motorola's shares. The
final closing of the deal is contingent on the approval of the
transaction by the Lithuanian Competition Council. When the transaction
is concluded, TeliaSonera will hold 90 percent of the shares in Omnitel.

Since the merger between Finnish Sonera and Swedish Telia in December
2002, TeliaSonera has pursued its aim of strengthening TeliaSonera as
the leading mobile and fixed-line telecom operator in its core market,
the Nordic-Baltic region. "Our aim has been to strengthen TeliaSonera's
ownership position. The Omnitel deal is a clear manifestation of our
strong long-term commitment to the region," TeliaSonera's CEO Anders
Igel stated.

As previously announced, Motorola has decided to exit the network
management business and focus on their core competencies. Motorola
remains committed to the Lithuanian market and will continue to supply
Omnitel with infrastructure equipment and handsets.

"Following Motorola's strategic shift, we received an offer to purchase
their shares of UAB Omnitel which we found interesting and have
accepted," said Kenneth Karlberg, President of TeliaSonera Norway,
Denmark and the Baltic countries.

UAB Omnitel, which was the first private telecommunications company
established in Eastern Europe, is the largest mobile operator in the
Baltic countries with 905,000 subscribers at the end of June 2003. The
company presently has an overall market share of approximately 50
percent and is the leading choice of corporate customers.

Omnitel has been highly successful in attracting new customers, adding
50,000 customers between April and June 2003. During the same period net
sales rose by 17 percent to SEK 539 million (approx. LTL 200 million).

"Omnitel has given an impressive performance and we are convinced that
it will continue to contribute to the TeliaSonera Group as a whole. The
strengthening of ties with TeliaSonera will secure the future knowledge
transfer and services development," Mr Karlberg added.

TeliaSonera AB will shortly file the required notification of
concentration with the Lithuanian Competition Council, which will
examine the deal.

The Omnitel brand, which enjoys strong confidence among customers, will
be retained.

Invitation to press conference in Vilnius
Media representatives are invited to attend a press conference with Mr.
Kenneth Karlberg, President of TeliaSonera Norway, Denmark and the
Baltic countries and Mr Don Bartell, Vice President, Motorola Lithuania
Telecom Inc.
The press conference will be held in Vilnius at 14.45 local time (13.45
CET, Stockholm time) today, 26 August, at Reval Hotel Lietuva, Zeta
Room.

For further information journalists can contact:
Birgitta Grafström, Communications Manager, TeliaSonera Norway, Denmark,
Baltic countries, tel: +46-(0)70-555 00 04

TeliaSonera´s Press Office, tel: +46-(0)8-713 58 30

Omnitel

2002 Jan-Jun 2002 Jan-Jun 2003
Net sales (SEK million) 1,840 859 978
Annual growth (%) 41 54 14
EBITDA (SEK million) 735 347 463
EBIT (SEK million) 382 177 272
CAPEX (SEK million) 606 342 170
Subscribers (000) 850* 679* 905*
* At end of period

Shareholders before announced deal:
TeliaSonera 55%
Motorola 35%
Kazickas family 10%

TeliaSonera is the leading telecommunications company in the Nordic and
Baltic regions. At the end of June 2003 TeliaSonera had in its home
markets 9,705,000 mobile customers and 8,102,000 fixed customers and
1,498,000 internet customers. Outside its homemarkets TeliaSonera has
extensive interests in growth markets in Russia, Turkey and Eurasia.
TeliaSonera is listed on the Stockholm Exchange, the Helsinki Exchanges
and Nasdaq Stock Market in the USA. Pro forma Net sales January-June
2003 amounted to 40.6 billion SEK (EUR 4.4 billion). The number of
employees was 27,750

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