TeliaSonera Sweden acquiring Flextronics Network Services operation

TeliaSonera Sweden acquiring Flextronics Network Services operation

TeliaSonera Sweden is acquiring the product portfolio and operation for
customer-placed equipment from Flextronics Network Services. This
chiefly relates to office exchanges and LAN equipment.

The operation TeliaSonera Sweden is now acquiring includes functions for
product management, sales support, delivery, and technical support. Some
130 people currently working on this at Flextronics Network Services
will be offered employment in TeliaSonera Sweden.

The acquisition is being made so as to be able to integrate the product
portfolio with the rest of TeliaSonera's product range. In the past,
TeliaSonera has accounted for about 80 percent of Flextronics' turnover
in this operation.

"This is one way to improve our service and our offering. By integrating
the product portfolio for customer-placed equipment with our other
operations, we make it simpler for customers when contacting us," said
Anders Gylder, Head of the Large Corporate Segment, TeliaSonera Sweden.

The acquisition does not include resources for carrying out installation
and service work in the field. Flextronics Network Services now
comprises the main supplier of these contract services to TeliaSonera
Sweden.

Provided the Swedish Competition Authority gives the parties its
approval, it is anticipated the agreement will come into force by 1 July
this year.

For further information journalists can contact:
Anders Gylder, Head of Large Corporate Segment, TeliaSonera Sweden,
+46-8-6884179, or
Ulf Carlshamre, Large Corporate Segment, TeliaSonera Sweden,
+46-70-5282428

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.

------------------------------------------------------------
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2004/05/07/20040507BIT00260/wkr0001.doc
http://www.waymaker.net/bitonline/2004/05/07/20040507BIT00260/wkr0002.pdf