TeliaSonera sells Zed to Wisdom Entertainment

TeliaSonera sells Zed to Wisdom Entertainment

TeliaSonera has reached an agreement in principle to sell its wholly
owned Sonera Zed Ltd (Zed) to Wisdom Entertainment, a Spanish
interactive media group, for EUR 30 million. The divestment is yet
another step in TeliaSonera´s strategy to focus on its core business.

The sale is pending the approval of the German Competition Authority and
closing is expected within 2-4 weeks.

Zed is an independent aggregator and reseller of digital content to
mobile phone users in Europe and Asia. Zed is positioned between the
content providers and the mobile network operators in the value chain
and provides content aggregation, packaging, marketing and connectivity
enabling services. The company provides services in Germany, the UK,
Italy, Finland, the Philippines and Malaysia through direct relationship
with 23 mobile network operators. In addition, Zed's services are
available in Austria, Switzerland and Ireland through connectivity
partners.

Wisdom Entertainment brings together a total of eight companies in the
interactive multimedia entertainment space. The group's activities
include videogames development and distribution, computer-animated film
production and mobile content development and distribution. Wisdom
Entertainment's subsidiary LaNetro provides similar services to Zed's in
Spain and Latin America, and will become a global leader after Zed's
acquisition. In April 2004, Apax Partners Funds led a EUR 39 million
investment in the group.

For further information journalists can contact:
Kim Ignatius, CFO, TeliaSonera AB, +46-(0)8-713 58 30

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.


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