TeliaSonera International Carrier and OTEGlobe establishes wholesale partnership

TeliaSonera International Carrier and OTEGlobe establishes wholesale

A partnership has been established between the European wholesale
carrier TeliaSonera International Carrier and OTEGlobe, the
international carrier business area of the Greek incumbent, in order to
offer competitive IP, data, voice and transport services to the major
operators and carriers in South-East Europe, Middle East and
Far East.

TeliaSonera International Carrier is a strong European Tier 1 carrier.
Today there are three to five carrier companies in the world that are
Tier 1 companies. This position and OTEGlobe's strong regional presence
in Greece and in the Mediterranean region will enable the two companies
to provide unique and competitive IP solutions to customers in Greece
and in the Mediterranean region. The partnership also includes joint
development of IP and capacity solutions offerings.

The purpose of this strategic partnership is to establish a critical
business relationship, to maximize commercial synergies, boost revenues
and decrease operational and capital expenses.

"I am delighted that we have signed this forward-thinking agreement
with OTEGlobe", says Eva Lindqvist, President of TeliaSonera
International Carrier.
"This is an important partnership that gives us the opportunity to
combine our mutual strengths and knowledge, especially in the IP area.
It provides us great opportunities to jointly develop our business
together with OTEGlobe. We will be able to increase our presence in the
market and extend our offerings to our customers. "

"We are looking forward to the partnership with TeliaSonera
International Carrier to further expand our business, by combining the
strengths of both companies geographically and technologically", Mr
Angeloglou, CEO of OTEGlobe says. "Through this partnership, we are
establishing one of the largest IP networks in the world, in order to
offer more competitive, world class services, to our customers. We are
confident that this strategic cooperation will be very successful for
the benefit of both companies."

The two partners also came to a traffic exchange and termination
agreement, in order to match appropriate bandwidths and quality of
service hosted on the partner networks. For this reason TeliaSonera
International Carrier will use OTEGlobe for call traffic termination in
Balkans and Cyprus, while OTEGlobe will use TeliaSonera International
Carrier in the Baltic and CIS region.

With this agreement the two partners will have the ability to deliver
premium quality voice services, mobile to mobile calling and increase
efficiency through cost reduction and new revenue generation. Moreover,
OTEGlobe will be able to effectively manage temporary traffic surge
especially during the Olympic Games which will take place in Greece
during this summer.
Facts about TeliaSonera International Carrier
TeliaSonera International Carrier provides wholesale international IP,
capacity and voice services to selected high volume destinations in
Europe and across the Atlantic. Services are based on its fully owned
and controlled European and trans-Atlantic networks. As well as owning
one of the largest network footprints in Europe, TeliaSonera
international Carrier also have peering points in the US. TeliaSonera
International Carrier is the leading carrier of IP traffic in the Nordic
and Baltic Sea regions, and has extensive reach into Eastern Europe.
TeliaSonera International Carrier is a company fully owned by
TeliaSonera Group and the Headquarter is situated in Stockholm, Sweden.

Facts about OTEGlobe
OTEGlobe (OTE International S.A.) is the wholly owned subsidiary for the
international voice and data businesses of OTE (Hellenic
Telecommunications Organization S.A.), the dominant telecom operator in
Greece. Its main purpose is the provisioning of integrated, customized
and high quality international products and services especially targeted
to S.E. Europe and the Middle East.
OTEGlobe's main activities are targeted to the following areas:

· Management and commercial exploitation of the international
submarine and terrestrial cables owned by OTE.
· Management and commercial exploitation of OTE's international
voice traffic.
· Design, implementation and management (24X7) of the
international Data/IP network MSP (MultiServices Platform).
· Development, implementation and management of international
wholesale services for national and international markets.
· The direct sales of international data services, Internet,
capacities, telephony, collocation etc to telecom providers (mobile and
fixed telephony operators, Internet service providers, application
service providers, telecom service resellers), as well as, to
multinational companies and operators through its authorized resellers.

For more information about OTEGlobe: http://www.

For further information journalists may contact:

Olof Joos, Segment Manager, TeliaSonera International Carrier,
+46-(0)70- 6603839

Petros Mavroidis, Business Development Director, OTEGlobe,
+30 210 6389500

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.

TeliaSonera is the leading telecommunications company in the Nordic
and Baltic regions. At the end of December 2003 TeliaSonera had
11,957,000 mobile customers (37,610,000 incl associated companies)
and 8,061,000 fixed customers (9,160,000 incl associated companies)
and 1,631,000 internet customers (1,691,000 incl associated
companies). Outside the home markets TeliaSonera has extensive
interests in the growth markets in Russia, Turkey and Eurasia.
TeliaSonera is listed on the Stockholm Exchange, the Helsinki
Exchanges and the Nasdaq Stock Market in the USA. Pro forma net
sales January-December 2003 amounted to SEK 81.7 billion (EUR 9.01
billion). The number of employees was 26,694.

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