TeliaSonera announces combined public offer and compulsory acquisition for remaining shares in NextGenTel in Norway

TeliaSonera today announced its decision to make a public offer for all issued and outstanding shares in NextGenTel not already owned by TeliaSonera. The price per share offered in the public offer is NOK 65.50 (SEK 79.44). In parallel, TeliaSonera has decided to conduct a compulsory acquisition. The redemption price in the compulsory acquisition is equal to the public offer price.

On May 16, TeliaSonera AB, the leading telecommunications company in the Nordic and Baltic region, acquired 82.3 percent of the shares in NextGenTel Holding ASA, the number two broadband/xDSL provider in Norway. TeliaSonera has subsequently acquired additional 12.7 percent shares over the market, adding its ownership to 95 percent.

Following the acquisition, TeliaSonera today presents a mandatory offer and a compulsory acquisition for the remaining shareholders in NextGenTel. TeliaSonera will pay NOK 65.50 (SEK 79.44) in cash for each remaining share, corresponding to a premium of 38 percent, 35 percent and 31 percent compared to the volume weighted average market price for the last 5,10 and 20 trading days before the acquisition of the majority of the shares, respectively. Shares not sold in the mandatory offer proceeding will be redeemed under the compulsory acquisition.

The acceptance period for the mandatory offer begins today and expires on July 10, 2006. The objection period under compulsory acquisition begins today and expires on August 14, 2006.The offer document has been distributed to all remaining shareholders of NextGenTel as of June 8, 2006.