TeliaSonera to sell com hem to EQT

TeliaSonera to sell com hem to EQT

TeliaSonera has today signed an agreement to sell com hem AB to EQT
Northern Europe for MSEK 2,150.

com hem is the largest cable television operator in Sweden, providing
cable television services to approximately 1.39 million households. The
company also provides pay television (including pay per view) and
broadband internet access services. In fiscal year 2002, com hem
generated EBITDA of MSEK 53 on turnover of MSEK 1,071.

EQT is a northern European private equity group that was established in
1994 and consists of five private equity funds, of which one is EQT
Northern Europe, with total equity commitments exceeding EUR 3 billion.

Telia agreed to dispose of com hem as part of its undertakings to the
European Commission in the context of the merger between Telia and
Sonera. The disposal is expected to generate a capital gain in excess of
MSEK 1,600 for TeliaSonera and a positive one off cash flow effect of
more than MSEK 1,900.

Completion of the sale is conditional upon approvals by the European
Commission and relevant competition authorities, which is expected
within the first half-year of 2003.

For further information journalists can contact:
TeliaSonera´s Press Office, telephone +46-8-713 58 30

TeliaSonera, formed through a merger of Telia and Sonera in December
2002, is the leading telecommunications group in the Nordic and Baltic
regions. TeliaSonera's overall focus is on best serving its customers in
its core business and creating value for shareholders through stronger
profits and cash flows. TeliaSonera is listed on the Stockholm Exchange,
the Helsinki Exchanges and Nasdaq Stock Market in the USA. Pro forma Net
sales 2002 amounted to 81 billion SEK (EUR 8.8 billion). The number of
employees was 29,000.

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