TeliaSonera Finland to acquire majority stake in the Auria Group

TeliaSonera Finland to acquire majority stake in the Auria Group

TeliaSonera Finland intends in three consecutive steps to acquire full
ownership in the Auria Group, a fixed line telecom operator in the
Southwest of Finland. The Auria Group consists of Loimaan Seudun Puhelin
(LSP) and its subsidiary Turku Telecom which both are using the Auria
brand. Therefore TeliaSonera Finland today announces as the first step
the increase of its shareholding in LSP from 29 percent to 40 percent.
In order to boost synergies, TeliaSonera Finland has also sold its fixed
line business in the numbering areas of Turku and Pori, and Åland to
Auria for EUR 22 million.

Following LSP:s Extraordinary General Meeting in September TeliaSonera
expects to increase its holding in LSP to 55 percent, approximately an
investment of EUR 22.4 million for TeliaSonera.

TeliaSonera Finland will then at the beginning of October launch a share
offer in total of EUR 42 million to the owners in LSP with the target of
increasing the holding in LSP to 100 percent.

The Auria Group has 130,000 fixed customers in Southwest Finland. During
2002 the Auria Group had EUR 133 million in revenues, EUR 45 million in
EBITDA, CAPEX of EUR 12 million and 719 employees.

"The arrangement supports TeliaSonera Finland's strategy of profitable
growth. Our fixed network customer volume will grow by nearly a fifth,
and TeliaSonera Finland's net sales will increase by about seven per
cent. Auria and TeliaSonera Finland is a good match. The agreement makes
the Auria group a subsidiary of TeliaSonera Finland allowing the
regional leader to offer customers local, national and international
services from a single service provider, and tap TeliaSonera Finland's
broad range of products, services, platforms and pricing models." says
Anni Vepsäläinen, President of TeliaSonera Finland.

"We improve the competitiveness of both Auria and TeliaSonera Finland.
The arrangement makes Auria a stronger company. We'll continue to
develop our operations in line with our growth strategy. Greater
resources and volumes will certainly benefit our customers. We help our
customers to succeed in the information society; we offer them all data
and telecommunications services from one and the same place," describes
Eero Sinkkonen, Managing Director of Auria.

TeliaSonera Finland and Auria will hold a press conference today at the
Turku Fair and Congress Center in Turku at 2.30 pm Finnish time.

For further information journalists can contact:
Jyrki Karasvirta, Vice President, Communications, TeliaSonera Finland,
tel +358-407 372 145
Anni Vepsäläinen, President, TeliaSonera Finland, tel +358 2040 58810

Forward-Looking Statements
Statements in the press release relating to future status or
circumstances, including future performance, other trend projections and
other benefits of the transaction 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

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