TeliaSonera gains full ownership of Omnitel

TeliaSonera gains full ownership of Omnitel

TeliaSonera today announces that its wholly owned subsidiary Amber
Mobile Teleholding AB has reached an agreement with the Kazickas family
to acquire their 10 percent holding in UAB Omnitel of Lithuania. Having
acquired the remaining outstanding shares, Omnitel is thereby fully
owned by TeliaSonera. TeliaSonera agreed to pay USD 63,5 million
including dividends until closing for the Kazickas family's shares. The
share price is based on a valuation of Omnitel amounting to USD 603
million for 100 percent of the shares. The deal will be closed today.

"This agreement represents a major step in fulfilling TeliaSonera's
Nordic-Baltic strategy to strengthen its position in the region in order
to provide better services for customers," says Kenneth Karlberg,
President of TeliaSonera Norway, Denmark and the Baltic countries.

In August 2003, TeliaSonera acquired Motorola's 35-percent shareholding
in Omnitel, raising its shareholding to 90 percent. This deal was
completed following approval by the Lithuanian Competition Council in
December 2003.

Omnitel, which was the first private telecommunications company
established in Eastern Europe, is the largest mobile operator in the
Baltic countries with 1.14 million subscribers at the end of June 2004.
The company presently has an overall market share of approximately 47
percent and is the leading choice of corporate customers. Omnitel
continues to successfully attract new customers, adding 86,591
subscribers during the first six months 2004. During the same period net
sales increased by almost 7 percent.

"We are very pleased by the fact that Omnitel becomes the first wholly
owned Baltic company in the TeliaSonera group," says Kenneth Karlberg.
"As a fully integrated operation in the leading Nordic-Baltic
telecommunications group, Omnitel's customers will enjoy the full scope
of our services and resources."

Omnitel was established as Litcom by Dr. Juozas P. Kazickas in 1991.
"The early foresight and business initiative by the Kazickas family set
the stage for this highly successful operation," Kenneth Karlberg said
when the agreement had been reached. "It has been a pleasure to work
together with them in developing Omnitel since our involvement in the
company from 1998."

Omnitel January - June 2004
Net sales (SEK million) 1,045
Growth of sales (%) 7
EBITDA (SEK million) 459
EBIT (SEK million) 285
CAPEX (SEK million) 149
Subscribers 1,139,284

Press conference
A press conference will be held later today at 13.30 hours local time
(12.30 CET) at Radisson SAS Astorija Hotel, Didzioji 35/2, Vilnius, Lithuania.

For further information journalists can contact:
Birgitta Grafström, Communications Manager, TeliaSonera Norway, Denmark,
Baltic countries, tel: +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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